Wealthy Californians moving to Las Vegas as a wealth tax approaches
Wealthy homebuyers from California are increasingly migrating to Las Vegas. Many are opting to move to the outskirts to protect and grow their wealth as the state discusses potential tax policies targeting the affluent. By the end of 2025, data from Realtor.com® highlights that Los Angeles is the leading source of out-of-state demand for Las […]
NYC’s DSA parts ways with Mamdani and criticizes Hochul as a pawn for wealthy individuals
Democratic Socialists Part Ways with Hochul and Mamdani The Democratic Socialists of America (DSA) announced on Friday that they are distancing themselves from Governor Kathy Hochul, calling her a mouthpiece for billionaires, and that they have also parted ways with Mayor Zoran Mamdani, who had previously endorsed her. In a candid statement, the New York […]
California Democrats uneasy about wealthy campaign contributions
California Democrats are increasingly concerned as a surge of political funding from the state’s wealthiest individuals could disrupt the long-held political landscape in this predominantly blue state, where Democrats have maintained a supermajority in the Legislature for years. At a recent event focused on online safety for children, Rep. Josh Lowenthal expressed his unease, stating, […]
Wealthy Doctor in Leadership Role Essential for OCBC’s Future CEO Goals
OCBC’s New CEO Faces Unique Challenges (Bloomberg) — As Tan Teck Long steps into the role of chief executive at Oversea-Chinese Bank, one significant hurdle lies in navigating the expectations of the Lee family, its billionaire shareholders. For nearly a hundred years, the Lee family has been the largest stakeholder in this key Southeast Asian […]
Editorial board argues that increasing taxes on the wealthy would be pointless
The Washington Post editorial board expressed skepticism on Monday about raising taxes on America’s wealthiest individuals, a solution often favored by many progressive thinkers. Their editorial, titled “Little to gain by raising taxes on the wealthy,” references a study by three economists from the Joint Committee on Taxation. This research suggests that making significant adjustments […]
Grassroots anti-ICE efforts supported by wealthy progressive donors: sources
It’s the same old financial game, just with a different twist. In Minnesota, the recent protests against ICE might look like a grassroots movement of concerned citizens, but they’re actually fueled by substantial donations, including some from China. Approximately 15,000 activists rallied in snowy Minneapolis on Friday, chanting “ICE out now” and calling for an […]
We’ve Never Felt So Wealthy, but Am I Losing Sight of Our Finances? A Summary of 2025 and Our Aspirations for 2026
If we were hoping for some kind of stability in our lives, 2025 has proven us wrong. This year has been pretty uneventful in terms of finances, which is a good thing overall, but doesn’t give much to write about for a financial blog. On the other hand, both in our personal and professional lives, […]
Mamdani’s tax push on NYC’s wealthy starts — says Adams made it necessary due to budget issues
Mamdani Proposes Tax Hike for Wealthy New Yorkers With his term coming to an end in under a month, New York City’s recently appointed Democratic Socialist, Zoran Mamdani, has put forward a plan to increase taxes on the wealthiest residents. He attributes the city’s budget issues to former Mayor Eric Adams, claiming he mismanaged funds. […]
Hospitals investigated for allegations that American donor organs were provided to wealthy foreign patients
Investigation Launched into Hospital Practices Regarding Organ Transplants Currently, over 100,000 Americans are on the waiting list for organ transplants, and every year, thousands die before receiving the necessary treatment. Amidst this ongoing crisis, lawmakers are initiating a congressional investigation into two prominent hospital systems following allegations that they permitted wealthy foreign patients to bypass […]
Scott Bessent confronts Newsom at Davos, mentioning his wealthy supporter, Alex Soros.
Scott Bessent Critiques Gavin Newsom at Davos Treasury Secretary Scott Bessent launched a pointed critique of California’s Democratic Governor, Gavin Newsom, during the World Economic Forum held in Davos, Switzerland. Newsom has leveraged the forum to voice criticisms against President Donald Trump as he seeks to bolster his national and international presence ahead of a […]