DSA candidates criticize billionaires while continuing to accept money from the wealthy.
It’s interesting, or maybe even a bit ironic, to see left-leaning candidates linked to the Democratic Socialist Party of America (DSA) pulling in significant donations from billionaires. This seems quite at odds with their campaign narratives that criticize the wealthy elite. An email sent out by DSA-LA asked Angelenos to back candidates who “fight ICE, […]
Bernie Sanders supports California’s tax on billionaires at an event
Sanders Backs California’s Billionaire Tax Initiative During an event in California, Senator Bernie Sanders expressed strong support for the state’s proposed “billionaire tax.” He emphasized the importance of democratic power, stating, “Billionaires will learn that we still live in a democracy.” He criticized pervasive greed and moral decline in the country. Speaking to a crowd […]
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 […]