Newsom parts ways with socialists over billionaire tax as California voters seem ready to reject it
As November’s midterm elections approached, the Democratic Socialists of America backed California’s Proposition 40, which would have introduced a one-time 5% tax on billionaires’ wealth in the state. By Wednesday afternoon, election results indicated the measure was likely to fail. Still, the DSA’s support for it has fueled debate over wealth redistribution and concerns that […]
Billionaire tax makes California’s economic future a choice for voters in the midterm elections
California voters will decide whether to approve a proposed tax on billionaires. The measure could prompt more wealthy residents to leave the state, and it remains uncertain whether it would raise as much money as supporters predict. Proposition 40 would charge taxpayers and trusts with assets above $1 billion a one-time tax of 5%. The […]
Pro-Israel Billionaire Cautions That Israeli Candidates May Be Undermining US Support, Faces Criticism
Recently, some Israelis have criticized billionaire Bill Ackman for sharing his views on how key Israeli candidates for the Knesset are viewed by Americans, particularly as the country approaches its election on Tuesday. On Sunday, the manager of the Pershing Square hedge fund expressed that while he didn’t intend to take a stance on the […]
Mark Zuckerberg warned he might leave California due to the billionaire tax, according to Meta’s filing.
Meta’s CEO Mark Zuckerberg is seriously considering relocating outside of California if Proposition 40 passes, which would impose a 5% wealth tax on billionaires. This potential tax could require him to sell a significant portion of his stock, according to a recent financial disclosure. The company’s filing with the Securities and Exchange Commission detailed Zuckerberg’s […]
Billionaire connected to Epstein’s $500K contribution causes conflict in important House election
A Kentucky Democrat, who is running against the influence of wealthy political donors, is now under pressure to renounce a hefty $500,000 donation made by billionaire Reid Hoffman to a super PAC backing his congressional campaign. His Republican challenger is criticizing this financial support, labeling it as “dirty Epstein class money.” Hoffman made this substantial […]
Introducing Meta’s billionaire AI expert—a 29-year-old with a mullet who shares edgy meme humor.
Alexandr Wang, a 29-year-old MIT dropout, has been at the forefront of launching Meta’s highly popular Muse AI app. He’s known for his casual demeanor—like his mullet hairstyle—and often shares edgy memes on social media. A couple of weeks after the Muse AI agent debuted on September 8, Wang shared a post featuring Jolly, the […]
Former Trump aide Alina Habba marries Turkish billionaire at the Waldorf Astoria
Alina Habba, who previously served as the acting US attorney in New Jersey and was once a personal attorney for former President Donald Trump, married Turkish billionaire Turhan Mildon in a grand wedding at the Waldorf Astoria this past Saturday. Habba, age 42, exchanged vows with 29-year-old Mildon, who is the CEO of Miller Holding, […]
Voters in California show slim support for billionaire tax in recent survey
The debate over California’s proposed billionaire tax is heating up as voters prepare to decide on a one-time 5% tax on the wealthiest residents. Recent polling data from the UC Berkeley Institute of Governmental Studies, in collaboration with the Los Angeles Times, shows Proposition 40 has a narrow lead, with 45% of likely voters in […]
Former Trump official Alina Habba to tie the knot with Turkish billionaire, according to reports.
Alina Habba Engaged to Turkish Billionaire Alina Habba, who used to serve as the acting U.S. attorney for New Jersey and was previously a personal lawyer for former President Trump, is reportedly engaged to a Turkish billionaire who is 13 years younger than her. Habba, who is 42, is set to marry Turhan Mildon, 29, […]
California business owner cautions that a billionaire tax might cause a significant departure of businesses.
Eric Schiffer, a California entrepreneur, has raised concerns that a proposed billionaire wealth tax could lead to an exodus of the state’s top business leaders. He predicts a significant departure of entrepreneurs if voters endorse the measure. As the chairman of Patriarch and CEO of Reputation Management Consultants, Schiffer represents various billionaire clients, including those […]