billionaires
Coverage of billionaires in the Nexus archive.
- Californians split on proposed tax on billionaires, sour on voter ID requirement, poll shows
California voters are sharply divided regarding a proposed ballot measure that would impose a one-time tax on billionaires to help fund healthcare programs. This proposal, which relates to voter ID requirements, has triggered a fierce political fight as the November election approaches.
- Californians split on proposed tax on billionaires, sour on voter ID requirement, poll shows
California voters are sharply divided over a ballot measure to impose a one-time tax on billionaires intended to fund healthcare programs. Furthermore, voter ID requirements are also dividing opinion among California voters.
- Arellano: What gets me so angry about California's proposed billionaire tax
Arellano expresses anger toward California's proposed billionaire tax, arguing that Prop. 40 supporters overlook how billionaires retaliate by funding political efforts against progressive candidates. The article suggests billionaires are increasingly using their wealth to counter progressive policies.
- Arellano: What gets me so angry about California's proposed billionaire tax
The article argues that California's proposed billionaire tax (Prop. 40) risks backlash from billionaires, who may retaliate by funding political candidates opposed to progressive policies. It criticizes supporters of the tax for underestimating the potential resistance from wealthy individuals.
- It’s war at NYC’s Pierre — where billionaires could get evicted when shareholders vote on a $2B sale
A conflict is escalating at New York City's Pierre hotel as shareholders vote on a $2 billion sale, potentially leading to the eviction of billionaire residents. The dispute involves wealthy individuals and the hotel's ownership structure.
- Lopez: Dodger Stadium gondola plan about to hit heavy turbulence as state park defenders play hardball
The Dodger Stadium gondola plan is about to face significant opposition from state park defenders, who argue that L.A. State Historic Park is a public space, not a private playground for billionaires.
- “What’d I Miss?”: Saving jobs, sometimes
The article 'What’d I Miss?' questions why saving jobs is prioritized as an economic goal only when it does not cost billionaires money. Myra explores the apparent contradiction in valuing job preservation selectively based on financial impact.
- A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
Brian O’Kelley sold his ad-tech company AppNexus to AT&T for $1.6 billion, kept less than $100 million, and donated the remainder to charity. He openly criticizes billionaires, stating he will never join the billionaires' club and plans to give away future earnings from his new startup, Scope3.
- The rise of the deserving rich
The article highlights that contemporary billionaires are more likely to have earned their wealth independently compared to previous generations. This suggests a shift toward self-made success in modern wealth accumulation.
- The 'screamingly nouveau riche' port in Montenegro where oligarchs and billionaires dock their superyachts - and where fraudster and Farage ally 'Posh' George Cottrell looks down from his fifth-floor penthouse
A port in Montenegro is described as a hub for oligarchs and billionaires to dock their superyachts. Fraudster and Farage ally George Cottrell resides in a penthouse overlooking the port.
- Billionaires Prepare $87 Million Ad Campaign to Block California Wealth Tax
Billionaires are preparing an $87 million ad campaign to block a proposed wealth tax in California. A campaign event for the tax was held in Los Angeles in February.
- Meet the billionaires behind $336M ‘explosion’ of money in California politics, per new report
A new report reveals a $336 million surge in political spending in California, attributed to billionaires. San Francisco's big-money spenders saw success in the last primary, highlighting the influence of concentrated wealth in local politics.
- Hunting the billionaires risks killing Silicon Valley
Other countries aim to replicate Silicon Valley, while proponents of a billionaire tax are perceived as threatening its existence. The article suggests that taxing billionaires could harm the original Silicon Valley innovation ecosystem.
- Intrusive way California will target billionaires who fled hated wealth tax — as top 3 targets emerge
California plans to target billionaires who left the state due to the wealth tax. The article mentions three top targets, though specific names are not provided in the given text.
- Billionaires who fled California wealth tax risk intrusive residency audit
Billionaires who fled California to avoid wealth tax face residency audits as the state aggressively pursues individuals relocating to low-tax jurisdictions.
- How Mamdani-aligned House candidates say they plan to fight wealth inequality
Progressive Democrats aligned with Mamdani have criticized billionaires as part of their plan to address wealth inequality.
- Mastermind behind California billionaires tax makes absurd claim: ‘Entirely fabricated’
The mastermind behind California's billionaires tax made a claim described as 'entirely fabricated.' Reports indicate at least six billionaires severed residency before the January 1 cutoff in the ballot measure to avoid the tax.
- When it comes to taxing the super rich, there’s no need to reinvent the wheel
The article discusses the challenges of taxing billionaires effectively, highlighting California's proposed one-time 5% tax on fortunes over $1 billion. It critiques the existing system for allowing the wealthy to avoid income taxes through loopholes and exceptions, while noting the growing influence of billionaires in AI development.
- When it comes to taxing the super rich, there’s no need to reinvent the wheel
California is considering a one-time 5% tax on fortunes exceeding $1 billion, as billionaires face criticism for not paying their fair share. The article highlights challenges in taxing the ultra-wealthy due to loopholes and exceptions, while the rise of AI is creating more billionaires.
- Gov. Gavin Newsom declares war on America’s billionaires while bizarrely opposing California wealth tax
California Gov. Gavin Newsom proposed a tax on America's billionaires while opposing a wealth tax on the wealthiest in California. The article highlights the contradiction in his stance.
- California voters will consider a measure in November to raise taxes on billionaires
California voters will vote in November on a temporary tax increase targeting billionaires. A labor union supporting the measure announced it will proceed despite criticism from opponents.
- California voters will consider a measure in November to raise taxes on billionaires
California voters will consider a temporary tax increase on billionaires in November. A labor union supporting the measure announced it would proceed despite criticism.
- California voters will consider a measure in November to raise taxes on billionaires
Californians will vote in November on a proposal to impose a one-time tax on billionaires to fund federal funding cuts to healthcare for low-income people.
- California voters will consider a measure in November to raise taxes on billionaires
California voters will vote in November on a proposal to impose a one-time tax on billionaires. The measure aims to fund federal funding cuts to healthcare for low-income people.
- Jeffrey Epstein pitched his connections with billionaires to get close to Bill Gates
Bill Gates met with Jeffrey Epstein multiple times between 2011 and 2014, as Epstein pitched his connections to billionaires for fundraising purposes related to the Gates Foundation. Gates stated the meetings focused on philanthropy and expressed regret, acknowledging Epstein used these connections to build legitimacy. Epstein, who had prior sex offense convictions, also made veiled threats about disclosing personal affairs.
- Idyllic Nevada lake community becomes haven for billionaires fleeing California taxes
A Nevada lake community has become a refuge for billionaires avoiding California's taxes. The article highlights this shift in residency driven by tax considerations.
- Union boss behind billionaire tax unloads on Gavin Newsom in rare interview
Dave Regan, the chief backer of California's billionaire tax initiative, criticized Governor Gavin Newsom in a rare interview, accusing him of aligning with billionaires to fund a potential White House campaign.
- California billionaire tax proposal is slated to qualify for the November ballot
A controversial California proposal to implement a one-time tax on billionaires is set to qualify for the November ballot after supporters collected enough signatures. The measure aims to target billionaires through a single tax event.
- California billionaire tax proposal is slated to qualify for the November ballot
Supporters of a controversial California proposal to implement a one-time tax on billionaires claim they have enough signatures to qualify it for the November ballot. The proposal is described as a one-time tax targeting billionaires.
- As ballot deadline nears, will California’s billionaire tax actually go to voters?
California faces a deadline to finalize a ballot measure imposing a 5% wealth tax on billionaires, led by SEIU-United Health Workers West. Opponents, including Governor Gavin Newsom and wealthy residents, argue it risks driving away high-income individuals and have organized countermeasures. The measure aims to fund healthcare, education, and food assistance, but faces political and financial resistance.
- JLR to target US ‘millionaires and billionaires’ with hybrid and petrol cars
Jaguar Land Rover (JLR) plans to target US millionaires and billionaires with hybrid and petrol cars, as CEO PB Balaji identifies America as the company's largest growth opportunity.
- The president, the billionaires and the news
A media industry weakened by billionaires is facing a US president who seeks to further bend it.
- Chabria: The enemy of my enemy is a billionaire. Get over it
Chabria argues that while income inequality has reached extreme levels, hatred toward the wealthy should be reconsidered to ensure it serves constructive purposes. The article questions whether public outrage against billionaires is effective or counterproductive.
- Billionaires failed to win the governor’s mansion, but they did very, very well in San Francisco
Billionaires did not win the governor's race but succeeded in the San Francisco June election. The article highlights their electoral performance in these contests.
- Here's how much combined wealth today's billionaires have, as consumers see purchase power decline
Billionaires' wealth is increasing rapidly despite rising inflation, which is outpacing wage gains and reducing consumers' purchasing power. The Consumer Price Index shows inflation at 4.2% annually, making everyday expenses less affordable for ordinary people.
- Billionaires’ billions are increasing faster than ever
Billionaires' wealth is growing at an accelerated rate due to the artificial intelligence boom, which has directed trillions of dollars in investments into a few tech companies.
- Will Billionaires Really Flee a California Wealth Tax?
The article examines whether billionaires in California would leave the state if a wealth tax is implemented. It focuses on the potential impact of such a tax on high-net-worth individuals.
- Platner floats jailing billionaires in fiery pre-primary speech pushing far-left agenda
Graham Platner, a Maine Senate candidate, proposed jailing billionaires for looking at political ads 'the wrong way' as part of his far-left campaign finance reform agenda. Critics highlighted his endorsers' ties to billionaires and accused him of hypocrisy, while also referencing allegations from ex-girlfriends about his past behavior. Platner also advocated for universal health care, wealth taxes, and a Green New Deal.
- Platner takes cues from Mamdani, AOC to claim billionaires shouldn’t exist: ‘They got it because they cheated’
Platner criticizes billionaires, stating they don't exist due to hard work but because they cheated. He takes inspiration from Mamdani and AOC in making this claim.
- ‘Complete hypocrite:’ Mamdani-backed Congress candidate slams billionaires and AI industry while raking in their cash
A Queens Congress candidate supported by NYC Mayor Zohran Mamdani and the Democratic Socialists of America criticizes billionaires and the AI industry while accepting their financial support.