Sen. Warren advises the Fed and Treasury against supporting crypto billionaires.
Warren Urges Caution on Crypto Bailouts On Wednesday, Senator Elizabeth Warren, a Democrat from Massachusetts and a key figure on the Senate Banking, Housing, and Urban Affairs Committee, urged the Treasury Department and the Federal Reserve to make sure that “taxpayer funds are not used to bail out crypto billionaires and other highly leveraged crypto […]
Kevin Kiley aims to stop the widespread departure of billionaires from California by challenging the wealth tax.
California Lawmakers Push Back Against Wealth Tax In a bid to halt the departure of billionaires and significant wealth from California, lawmakers are challenging a proposed wealth tax they deem “fundamentally unfair.” Representative Kevin Kiley (R-Calif.) is set to introduce a bill on Friday aimed at preventing the state from imposing retroactive taxes on individuals […]
Billionaires Chris Larsen and Tim Draper start a political action committee against unions
Billionaires vs. Unions: A New Political Battle in California In a noteworthy shift, California cryptocurrency billionaires Chris Larsen and Tim Draper are investing substantial amounts into a political organization named Grow California. This group aims to challenge the influential labor unions in the state and promote moderate candidates for the legislature. Speaking with a publication, […]
Gavin Newsom shares personal conversations with billionaires
California’s Ultra-Wealthy Urge Governor to Reconsider Proposed Billionaire Tax Governor Gavin Newsom shared at a recent Bloomberg Forum in San Francisco that many of California’s richest residents are urging him to abandon a proposed one-time tax of 5% on individuals with assets exceeding $1 billion. This initiative could potentially affect around 250 billionaires in the […]
Billionaires Invest in an Index Fund That Is Outperforming AI Stocks Nvidia and Palantir in 2026
The SPDR Gold Stock ETF (NYSEMKT:GLD) has increased by 25% this year. In comparison, Palantir Technologies saw a decline of 12%, while Nvidia rose by 3%. Interestingly, over the last six months, the gold fund has outperformed both AI stocks by at least 50 percentage points. On another note, the SPDR Gold Stock ETF has […]
Billionaires Invest in an Index Fund Outperforming AI Stocks Nvidia and Palantir in 2026
This year, the SPDR Gold Shares ETF is showing impressive results, significantly outperforming Bitcoin, Nvidia, and the entire S&P 500. The SPDR Gold Stock ETF (GLD +0.29%) has surged 25% so far this year. In comparison, Palantir Technologies has dropped by 12%, while Nvidia saw a modest increase of 3%. What’s really striking is that […]
California Billionaires Turn Against FWD.us Founder Ron Conway
California’s Wealth Tax Controversy: Ron Conway’s Position Ron Conway, a prominent Democratic investor and advocate for immigration reform, has been identified as a significant casualty in California’s escalating debate over a proposed wealth tax targeting billionaires. Mike Solana, in a recent discussion, noted that many investors, Conway included, are feeling the pressure. He mentioned in […]
Billionaires Come Together to Share That No One Is Fond of Them, Yet They Hope for Return as They Miss Everyone
World Economic Forum in Davos: A Gathering to Reflect on Distrust It’s that time of year again. Billionaires, technocrats, and the corporate media all converge at the World Economic Forum (WEF) in Davos, Switzerland, pondering why they seem to be so universally despised. Have they ever stopped to consider that, perhaps, flying in private jets […]
Billionaires Divest Amazon Shares and Invest in a BlackRock ETF That Experts Say Could Rise Up to 13,500%
In the third quarter, two prominent hedge fund managers decided to sell their Amazon shares and instead invest in a Spot Bitcoin ETF. Both hedge fund billionaires made significant shifts in their portfolios. They sold shares of Amazon (AMZN +0.40%) and increased their stakes in the iShares Bitcoin Trust (IBIT +0.27%), an ETF managed by […]
California’s proposed tax on billionaires unsettles Silicon Valley and complicates matters for Gov. Newsom
Tech Giants Consider Leaving California Amid Tax Proposal In California, tensions are rising as major tech companies hint at possibly relocating due to a proposed tax targeting billionaires. Governor Gavin Newsom, a Democrat, is contemplating the repeal of this plan, concerned it could incite unrest in Silicon Valley and trigger a significant outflow of wealth. […]