@Mediagazer@mstdn.socialSources: Comcast, Netflix, and Paramount submitted second-round WBD bids on December 1; Paramount's includes financing from Apollo and Middle East wealth funds (Todd Spangler/Variety)
https://variety.com/2025/biz/news/paramount…
@UP8@mastodon.social🤑 Seeing rich people increases support for wealth redistribution, study finds
#inequality
@benb@osintua.euGazprombank warns Russia’s National Wealth Fund could be exhausted within a year amid low oil prices: https://benborges.xyz/2026/01/31/gazprombank-warns-russias-national-wealth.html
@Techmeme@techhub.socialGlobal SWF: sovereign wealth funds invested $66B in AI and digitalization in 2025, with Mubadala investing $12.9B and Kuwait Investment Authority investing $6B (Alex Dooler/Bloomberg)
https://www.bloomberg.com/news/articles/202…
@cdarwin@c.imCalifornia is considering a new tax initiative aimed at billionaires, known as the
"2026 Billionaire Tax Act."
It seeks to impose a one-time 5% tax on individuals with a net worth exceeding $1 billion.
The tax would apply to approximately 200 billionaires residing in California
as of January 1, 2026.
https://<…
@Techmeme@techhub.socialNevis, which develops AI agents to automate wealth advisers' grunt work, raised a $35M Series A from Sequoia and others at a $200M valuation, after a $5M seed (Biz Carson/Bloomberg)
@brichapman@mastodon.socialThe climate crisis wasn't caused by ordinary people—so why are they footing the bill?
Two activists in France are pushing to change that. Their "Tax Their Billions" campaign is shifting public opinion toward making billionaires pay their fair share for climate solutions.
It's about accountability and justice in the transition we desperately need.
@scott@carfree.cityDetails on the California #wealthTax proposal:
https://lao.ca.gov/BallotAnalysis/Initiative/2025-024
It's a one-time 5% wealth tax but can be spread over 5 ye…
@memeorandum@universeodon.comIlhan Omar's hubby's $30M firm quietly scrubs names from website - as 'Squad' member faces mounting questions on sudden wealth amid Minnesota welfare fraud (New York Post)
https://nypost.com/2025/12/27/us-news/ilhan-omars-hubbys-30m-firm-quietly-scrubs-names-from-website-as-squad-member-faces-mounting-questions-on-sudden-wealth-amid-minnesota-welfare-fraud/
http://www.memeorandum.com/251227/p26#a251227p26
@pre@boing.worldBritain is broken, in various ways. Could adopting bitcoin help it bounce back?
Renegade Investor thinks so.
Central banks printing money causes government debt and artificially low interest rates. Their monetary policy is political and done for bankers not for people.
Bitcoin monitory policy is fixed.
Lockdown during pandemic was funded by money printing, and caused a big inflation pump and government debt increase. It caused the current cost of living crisis.
Lockdown could have been impossible under a bitcoin standard.
In pounds the cost of living has gone up lots over the last decade. But in bitcoin it's gone down massively.
He thinks wealth redistribution is taking money from productive people and giving it to those who aren't increasing the country wealth. Here I disagree entirely. Wealth is reality being taken from the workers and given to the capital owners. We are redistributing wealth towards the rich currently. Taking the wealth created by workers to give to idle owners.
I also wonder, would limited government power be good? Did the lockdown save lives? Would it do do under a worse pandemic? Limited government power may be double edged.
Not sure why he thinks immigration is funded by government, rather than immigrants increasing the country wealth. Seems to think bitcoin could reduce immigration, which I find unbelievable and undesirable.
This talk I disagree with quite a lot.
#bitcoin #bitfest #britain
@servelan@newsie.socialStates Should Adopt the Wealth Proceeds Tax to Raise New Revenue | Center on Budget and Policy Priorities
https://www.cbpp.org/blog/states-should-adopt-the-wealth-proceeds-tax-to-raise-new-revenue
@villavelius@mastodon.onlineThe "trickle down effect" does exist. No, not with regard to economics or wealth, but when it comes to anger, hate, violence, racism, and mendacity, there is no doubt that they trickle down.
@cheryanne@aus.socialThe Women To Wealth Podcast
A place I hope becomes your corner of the online world where you can hear conversations that are real, honest and funny, away from the reels, filters, and having to have the perfect script...
Great Australian Pods Podcast Directory: https://www.greataustralianpods.com/the-s…
@rasterweb@mastodon.socialSome people get really excited to sell something but honesty I would give away all of the things I create if I could. I have no desire to chase wealth and record-breaking sales, I just want to exist.
@cdarwin@c.im💰Trump’s wealth increased by about $2.5B since his reelection, to $6.9B
💰 Eric’s increased 10x, to $400M.
💰 Don Jr.’s 6x, to $300M.
💰 Barron, a college sophomore, is worth $150M.
"I’m sure that this is all based on merit and the value that each contributes to our society."
-- Heidi Kitrosser
https:/…
@thoralf@soc.umrath.netSelten hat der Song so gut gepasst, wie zu den jetzigen Zeiten.
"Greed and jealousy, each equal, all your days now dark"
"Monsters rule your world, are you too scared to understand?"
"We put our faith in maniacs, the triumph of the will
We kill for money, wealth and lust, for this we should be damned
We are disease upon the world, brotherhood of man"
@rberger@hachyderm.ioThe non-exodus of California billionaires
The media says they’re fleeing a wealth tax. Except, they’re not.
Nary a day has passed of late that hasn’t seen stories about the billionaires’ flight from California, lest they be subjected to a proposed wealth tax that hasn’t yet gathered the required signatures to qualify for the ballot. The fact that there is no billionaires’ flight from California hasn’t impeded the flow of such tales.
https://americanprospect.bluelena.io/index.php?action=social&chash=28f7241796510e838db4a1384ae1279d.3942&s=a25f328e944fec8e9462e7b6d554a892
@paulwermer@sfba.socialI suspect it's been said before, yet many have forgotten:
California's CPUC polices on the TNCs (Uber, Lyft, etc) that prohibited local regulation are example of how wealth transfer really works - Toward capital, not those at the lower income levels. This situation is absolutely shameful.
Pity I haven't heard concerns about this from politicians, especially those with strong SF connections, like Governor Newsom, or our reps in Sacramento.
SF taxi drivers wan…
@PaulWermer@sfba.socialI suspect it's been said before, yet many have forgotten:
California's CPUC polices on the TNCs (Uber, Lyft, etc) that prohibited local regulation are example of how wealth transfer really works - Toward capital, not those at the lower income levels. This situation is absolutely shameful.
Pity I haven't heard concerns about this from politicians, especially those with strong SF connections, like Governor Newsom, or our reps in Sacramento.
SF taxi drivers wan…
@memeorandum@universeodon.comA Wealth Tax Floated in California Has Billionaires Thinking of Leaving (New York Times)
https://www.nytimes.com/2025/12/26/technology/california-wealth-tax-page-thiel.html?unlocked_article_code=1._k8.Yct_.GBwN4RfhTu-6&smid=url-share
http://www.memeorandum.com/251226/p53#a251226p53
@mariyadelano@hachyderm.ioSaw a Reddit thread where someone asked what would happen if a personal wealth cap of $100M was introduced.
The comments were entirely full of people gleefully calling the poster dumb and going to great lengths to argue how nothing can ever be changed about wealthy people being wealthy actually, because their wealth makes the economy run and that messing with the stock market will break the world.
So many excuses all over for complacency with an economic system that is very much the result of specific policy decisions and doesn’t even do the things it’s supposed to.
Why do people keep hiding behind the economy as if it’s a weird deity?
@adamhotep@infosec.exchangeAn investor has calculated a poverty line of $137k/y "for a family of four to afford housing, health care, child care and other necessities", which is four times the current line. While I think location matters here, this national figure is still a good reminder of American wealth inequality.
https://wapo.st/44ymv6f
@j_honegger@swiss.socialFrom #AnnafromUkraine @AnnafromUkraine@youtube.com
🧵 👇
RUSSIAN BANKS DISAPPEARING, NATIONAL WEALTH FUND DRAINED Vlog 1304: War in #Ukraine
russian #banks shut a record number of…
@Techmeme@techhub.socialAnalysis: as crypto sheds $1T , the Trump family's fortune has fallen to ~$6.7B from $7.7B in early September; President Trump's TMTG stake fell by ~$800M (Bloomberg)
https://www.bloomberg.com/news/articles/20…
@grumpybozo@toad.socialTangent: I am negatively impressed by the acrimonious entitlement displayed in that thread. I don’t know if it is X or that game in particular that has such a wealth of assholes. @… https://
@scott@carfree.city
@inthehands@hachyderm.ioThe one thing that does seem clear to me is that this is deeply entangled with the ultra-concentration of wealth and power, something which is both a cause •and• an effect of creators not sharing properly in the rewards of their creations.
If you talk to me about antitrust law with teeth or ending regulatory capture or a wealth tax, well, I don’t know how we get there — but you have my attention.
/end
@kctipton@mas.toDruski's viral parody of flashy preachers renews debate over wealth in the pulpit https://religionnews.com/2026/01/20/druskis-viral-video-skit-sparks-criticism-on-megachurch-culture/
@cdarwin@c.imBillionaires with $1 salaries
– and other legal tax dodges the ultrawealthy use to keep their riches
Billionaires can enjoy growing wealth entirely free of income tax and reporting
Mark Zuckerberg was the lowest-paid employee at Meta in 2024,
and he made US$1.
But he is not the only very rich person who has collected $1 for a year’s work.
Why would incredibly rich CEOs make only $1 a year when they could pay themselves millions?
The reason is taxes…
@Mediagazer@mstdn.socialSources: Paramount Skydance formed an investment consortium with the sovereign wealth funds of Saudi Arabia, Qatar, and Abu Dhabi to submit a $71B bid for WBD (Variety)
https://variety.com/2025/film/news/paramount-warner-bros-discove…
@Techmeme@techhub.socialSources: Peter Thiel and Larry Page may leave CA over a proposed ballot measure, opposed by Newsom, that levies a one-time 5% tax on those with $1B in assets (New York Times)
https://www.nytimes.com/2025/12/26/tec…
@emd@cosocial.caI can’t help but think that most of today’s social problems can be solved with UBI and a real corporate/wealth tax.
I can’t think of many big problems that that wouldn’t address, in some way.
@johnhobbs@mstdn.caIn retirement, true wealth is indeed found in our health. 💪 While financial stability matters, it's well-being that allows us to savor the golden years. I prioritize daily walks and physiotherapy for physical and mental vitality. What do you do to stay energized? Share your insights – I'm eager to learn!
@kurtsh@mastodon.socialThe GOP measures a person's worth based on their WEALTH & that makes them 'superior' to the needy in their minds.
This arrogance creates intolerance & 'my-way-or-the-highway' indignance because they're also control freaks.
And that's why there's always an air of disconnected condescension around their actions.
☑️ Ernst's McSCUSE ME Act Would Ban Fast Food For SNAP - Comic Sands
@simon_brooke@mastodon.scot"The report said 83% of all countries, accounting for 90% of the world’s population, met the World Bank’s definition of high inequality. It added that countries with high inequality were seven times more likely to experience democratic decline than more equal countries."
Good lord, you don't say. Who would have thought it?
#Kleptocracy
@memeorandum@universeodon.comCrypto Crash Is Eroding Wealth for Trump's Family and Followers (Bloomberg)
https://www.bloomberg.com/news/articles/2025-11-23/bitcoin-crash-hits-crypto-wealth-of-donald-trump-s-family-and-followers
http://www.memeorandum.com/251123/p67#a251123p67
@knurd42@social.linux.pizzaMartin Stransky highlights some recent major achievements for #Firefox on Linux: ""HDR video playback support, reworked rendering for fractionally scaled displays, and asynchronous rendering implementation. All this progress was enabled by advances in the Wayland compositor ecosystem, with new features implemented by Mutter and KWin.
[…]
And there are even more challenge…
@bici@mastodon.socialThe problem with greed
Our economic system benefits only those at the very top – but it’s not too late for change
TIM WU
THE GLOBE AND MAIL
https://www.theglobeandmail.com/opinion/article-extraction-economy-wealth-inequality-solu…
@krispijn@social.sargasso.nl"At the root of all our problems stands one travesty: politicians’ surrender to the super-rich" https://www.theguardian.com/commentisfree/2026/jan/16/super-rich-inequality-politicians-extreme-wealth?CMP=Share_AndroidApp_Other
@cyrevolt@mastodon.socialLooking at "THE PARCHED EARTH OF COOPERATION: HOW
TO SOLVE THE TRAGEDY OF THE COMMONS IN
INTERNATIONAL ENVIRONMENTAL
GOVERNANCE", thinking:
Too bad we have no world governance really, so regulation does not work out. The second approach, privatization, actually *caused* a lot of tragedy-of-the-commons issues; see wastewater, climate change, labor exploitation, inflation, shortages, wealth distribution and all the corresponding collateral damage (non-exhausti…
@LillyHerself@Mastodon.socialIt's all an illusion.
@thomasfuchs@hachyderm.ioSo I think about one of the central thesis of Joseph Weizenbaum a lot.
It’s essentially an extension of “there’s no technical solutions to social problems”; it posits that computers are widely used to immortalize and amplify social problems while preventing reforms.
And it has gotten much worse since he wrote about this in the 1970s.
Two of the examples he gives are nation/world-wide stock exchanges and automated trading (lead to wealth concentration and gambling), as well as highly complex but wasteful, punishing and unfair welfare systems (instead of e.g. UBI).
@axbom@axbom.me @cdarwin@c.imOver the past quarter-century, political, legal and economic changes have reshaped the relationship between wealth and political power in America.
Economists say wealth is now more concentrated at the very top than at any time since the Gilded Age.
The tech and market revolutions of recent decades have created riches on an unprecedented scale.
Changing norms on executive compensation and lower-tax policies under Republican and Democratic administrations have helped insul…
@brian_gettler@mas.toI CANNOT WAIT for this book. Emilie is brilliant and her work has been an inspiration and beyond helpful as I try to write a very similar history but of Canada, rather than the US. Out next week!!!
Emilie Connolly, Vested Interests: Trusteeship and Native Dispossession in the United States (2025)
https://
@pre@boing.worldDespite much opinion to the contrary, the government money we use is crappy.
I'm at bitfest in Manchester to find out if Bitcoin could be a better money.
It could hardly be worse.
The mood is still good, people are joking about recent devaluation rather than crying. Those who aren't all in are trying to buy more at the discount.
After an introduction by Mad Bitcoins, Joe Bryan explains the problem with government money.
He imagines an island on which two types of money are tried, with a dividing wall between them.
When economic problems hit, government can just print more money on the fiat side. Everyone now using money which is worth less. Distorting prices, inflating asset prices, making the rich (who hold assets) richer and the poor (who have to pay inflated prices) poorer. Driving wealth inequality.
On the hard money side, government must tax properly. Take in more from the rich rather than inflating to take it from the poor. Reducing wealth inequality.
On the government money side, the wealthy monitize houses, stocks, resources. Saving in money is impossible, its inflated away. So they save in assets and hording resources. Capital is misallocated. The youth can't afford houses. Poverty traps are caused. The only way out is printing more for benefits. Making it all worse. More economic crises, more printing. More government debt.
Eventually, the wall is broken. Government money people can save in the hard money instead. It reduces the value of government money further. More printing. More inflation.
Eventually, war. Funded by printed money.
The dollar is the best of a bad bunch all other government money is falling in value even faster.
I wonder, is bitcoin really this better money though? It's limited, hard, and can't be printed without energy investment.
I'm still unsure that fixing money fixes the world.
--
Note: "crypto" is mostly more like government money than bitcoin. It can be printed indefinitely by it's makers, does not cost it's makers to print. Crypto is usually just a scam people to get more bitcoin. Bitcoin is not crypto.
#bitfest #bitcoin
@rberger@hachyderm.ioObscene: Trump has enriched himself with over $1B since stealing the country from the Citizens.
#GiftArticle #USPolitics
https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html?unlocked_article_code=1.GFA.DO5J.CxxdW8_rK0DR&smid=url-share
@Mediagazer@mstdn.socialSony Music Group and Singapore's sovereign wealth fund GIC announce a joint venture to acquire music copyrights; sources say the JV plans to invest $2B to $3B (Lucas Shaw/Bloomberg)
https://www.bloomberg.com/news/articles/2026…
@inthehands@hachyderm.ioWhat I mean by that is that I grew up in a world where people built wealth by convincing ever-increasing masses of people to buy ever more wasteful and useless crap: “consumer capitalism.”
Now we live in a world where customers aren’t even where the real money is. You don’t get money from customers; you get it from billionaires and investment firms.
2/
@sonnets@bots.krohsnest.comSonnet 091 - XCI
Some glory in their birth, some in their skill,
Some in their wealth, some in their body's force,
Some in their garments though new-fangled ill;
Some in their hawks and hounds, some in their horse;
And every humour hath his adjunct pleasure,
Wherein it finds a joy above the rest:
But these particulars are not my measure,
All these I better in one general best.
Thy love is better than high birth to me,
Richer tha…
@hllizi@hespere.deDear people of Brazil, I'd like to apologise for our chancellor, a man of wealth and no taste with a virtually endless list of shortcomings.
I know it's frustrating having to deal with his BS, we have to do it every day over here. And consider also how good you have it: at least you can call him what he clearly, indulgently and unapologetically is without any fear of punishment.
@paulbusch@mstdn.caThe ParticipACTION website has a wealth of information, for both individuals and communities, to help Canadians get more active.
https://www.participaction.com/the-science/benefits-and-guidelines/adults-18-to-64/
@bencurthoys@mastodon.socialRE: https://mastodon.social/@grrlscientist/115938632764452907
I hate this statistic.
A nomadic goat herder with $1 to their name has more wealth than the poorest 10,000,000 Americans put together. Why? Because the poorest 10,000,000 Americans …
@cdarwin@c.imWealth Taxes Will Barely Slow Inequality.
So Why Do the Super-Rich Resist Them?
A 2 percent wealth tax is like shaving off a fraction of a spire from a large cathedral,
says economist Nancy Folbre
https://truthout.org/articles/wealth-t
@simon_brooke@mastodon.scotWhen it's observable that the very rich are steadily growing richer while the vast majority of people are growing poorer, it's obvious that the tax system is not neutral: it is actively redistributing wealth upwards. For the tax system to be neutral, it MUST tax the very rich much more. To do so is not redistributive, at least until it actively causes a net movement of wealth towards the poor: rather it is simply neutral.
@cwilcke@bildung.social
@cowboys@darktundra.xyzSpagnola: This Parker turning heads at just 34 https://www.dallascowboys.com/news/spagnola-this-parker-turning-heads-at-just-34
@aral@mastodon.ar.alUmm, all good and all but… why the fuck is Norway one of the largest investors in this fascist’s company? https://mastodon.social/@mistakenotmy/115491000561181158
@smurthys@hachyderm.ioRegular people out there *accumulating wealth* by simply owning a home. Such travesty. 🙄
#USA #economy #homeOwnership #wealth #sarcasm
@servelan@newsie.socialNorway sovereign wealth fund rejects Elon Musk's $1 trillion pay deal
https://www.cnbc.com/2025/11/04/norway-sovereign-wealth-fund-rejects-elon-musks-1-trillion-pay-deal.html
@Techmeme@techhub.socialSources and filings: Peter Thiel donated $3M to a group to beat California's wealth tax, the first of several expected major donations by tech leaders in 2026 (New York Times)
https://www.nytimes.com/2026/01/11/us/politics/peter-thiel-california-weal…
@memeorandum@universeodon.comHouse, feds probe to unravel mystery of 'Squad' Rep. Ilhan Omar's skyrocketing wealth: 'It's not possible' (New York Post)
https://nypost.com/2026/01/17/us-news/house-probe-to-unravel-mystery-of-squad-rep-ilhan-omars-skyrocketing-wealth/
http://www.memeorandum.com/260117/p46#a260117p46
@cdarwin@c.imThis is happening because Congress didn’t enforce the Emolument Clause as a check on Trump’s first term
https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html
@emd@cosocial.caTax the billionaires. https://mastodon.social/@greenpeace/115718518283533635
@servelan@newsie.socialJensen Huang Said He Is 'Perfectly Fine' With California Wealth Tax - Business Insider
https://www.businessinsider.com/jensen-huang-said-is-perfectly-fine-with-california-wealth-tax-2026-1
@johnhobbs@mstdn.caAging gracefully is more than just life's milestones; it's an investment in the adventure itself. I am dedicated to helping seniors thrive in health and wealth. What do you believe is essential for a fulfilling retirement? Share your wisdom! 💡
#SeniorsLivingWell #RetirementGoals #LifeJourney
@simon_brooke@mastodon.scot"This is the metric by which you can tell who in politics are your allies and who are your enemies: whether they support or oppose the extreme concentration of wealth. In fact, the matter should be definitional." — George Monbiot
#Kleptocracy
Money Talks – George Monbiot
@inthehands@hachyderm.ioMy general framework for thinking about this stuff:
- Brains vary a lot, in a lot of different ways.
- We have names for a few variations, or common patterns of variation. That can be useful, but it’s hardly complete.
- There’s a wealth of as-yet-unnamed neurodivergences out there.
- It’s all but certain that •everyone’s• mind is atypical in one way or another.
- Comparison with, aspiration to, or forced conformance to the nonexistent “average” mind is unhelpful, frequently harmful.
- Embracing variation is the only reasonable (or humane) approach.
6/
@cheryanne@aus.socialWealthy As F*ck - The Podcast
This podcast is for the woman who didn't hustle for a six-figure household income just to feel financially stuck...
Great Australian Pods Podcast Directory: https://www.greataustralianpods.com/wealthy-as-fck/
@rberger@hachyderm.ioNeed to ensure Oracle's “investments" into AI continues to crash their stock and Ellison's wealth. Ellison has now eclipsed Musk as the most democratically dangerous billionaire.
Outrage after CBS pulls 60 Minutes segment on El Salvador’s Cecot prison https://www.theguardian.com/media/2025/dec/22/cbs-pulls-60-minutes-segment-el-salvador-prison?CMP=share_btn_url
@Techmeme@techhub.socialSources: wealthy Californians are quietly mobilizing on WhatsApp and calls in a long-shot bid to oust Rep. Ro Khanna, who supports a controversial wealth tax (Theodore Schleifer/New York Times)
https://www.nytimes.com/2026/01/07/us/politics/ro-khanna-calif…
@rasterweb@mastodon.social“I know that none of us set out wanting or intending to exclude people. But I’ve also seen how too often in our stratified communities — segregated by access to wealth, by race, immigration status and language access — it’s too easy to assume that the world we encounter reflects the experiences (and access needs) of others.”
…
@cowboys@darktundra.xyzSpagnola: This Parker turning heads at just 34 https://www.dallascowboys.com/news/spagnola-this-parker-turning-heads-at-just-34
@cdarwin@c.imAssad’s Enforcers Brutalized Syria.
Now They’re Living Large, Lying Low and Evading Justice.
Many remain free — shielded by wealth and accommodating host nations.
https://www.nytimes.com/2025/12/22/world/middleeast/as…
@memeorandum@universeodon.comHow Trump Has Used the Presidency to Make at Least $1.4 Billion (New York Times)
https://www.nytimes.com/interactive/2026/01/20/opinion/editorials/trump-wealth-crypto-graft.html?unlocked_article_code=1.F1A.Mbq_.vBuHvVgzo7pc&smid=tw-share
http://www.memeorandum.com/260120/p39#a260120p39
@Techmeme@techhub.socialBillionaire Tom Steyer, who is running for California governor, says he'll vote for the one-time 5% tax on billionaire wealth if it reaches the November ballot (Eliyahu Kamisher/Bloomberg)
@paulbusch@mstdn.caThe Avi Lewis AMA on Reddit this afternoon was interesting. He didn't answer my question, and I'll eventually get over it, but he was swinging for the fences with his ideas. His responses would resonate I think with MastoCanucks as they pretty much call for the government to get more involved in providing real solutions. Including building 1M public homes, tackling U.S. ownership of our media, getting rid of FPTP with electoral reform, guaranteed income programs, publicly owned options for major business categories (banks, grocery, phones, etc). Those big ideas could wake up and excite voters while at the same time facing huge opposition from big businesses and wealthy Canadians who would face a new wealth tax.
I hope he wins the leadership. At the very least he'll push the Liberals to be bolder, and maybe even lead a minority government that could bring some of his ideas to fruition.
#CanPoli #NDP
https://www.reddit.com/r/onguardforthee/s/fwKRmDPSvd
@simon_brooke@mastodon.scot"Polling across 36 nations by the Pew Research Center found that 84% see economic inequality as a big problem, and 86% see the political influence of the rich as a major cause of it. In 33 of these nations, a majority believe their country’s economic system needs either “major changes” or “complete reform”. In the UK, a YouGov poll revealed, 75% support a wealth tax on fortunes above £10m, while only 13% oppose it."
@memeorandum@universeodon.comThiel Gives $3 Million to Group Seeking to Block California Wealth Tax (New York Times)
https://www.nytimes.com/2026/01/11/us/politics/peter-thiel-california-wealth-tax.html
http://www.memeorandum.com/260111/p33#a260111p33
@servelan@newsie.socialEmoluments Clause might need some new law writ.
'Staggering': Anderson Cooper taken aback as Trump's wealth explodes in office - Raw Story
https://www.rawstory.com/cnn-2674914892/
@cheryanne@aus.socialRSM's TalkBIG Podcast
RSM's business finance and economics podcast, helping you save, create and protect your wealth...
Great Australian Pods Podcast Directory: https://www.greataustralianpods.com/rsms-talkbig/
@Techmeme@techhub.socialMany AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this (Jason Lemkin/SaaStr)
https://www.saastr.com/brex-and-the-pros-and-cons-of-hubristic-fundraising/
@Mediagazer@mstdn.socialSources: David Ellison has held preliminary talks with Saudi Arabia's sovereign wealth fund and other major Gulf investors about backing Paramount's WBD bid (Financial Times)
https://www.ft.com/content/97951242-e7ca-4adf-b77c-fcaf51250bc2
@cdarwin@c.im"What is “news” under a president who doesn’t give a damn about anything other than amassing personal power and wealth"? @rbreich.bsky.social
ht…
@Techmeme@techhub.socialFiling: Larry Page moved assets out of California ahead of the proposed CA wealth tax, meeting an end-of-2025 deadline; a source said he has left the state (Hugh Langley/Business Insider)
https://www.businessinsider.com/larry-page-leave-c…
@memeorandum@universeodon.comSilicon Valley Plots Against Ro Khanna After His Mockery Over a Wealth Tax (Theodore Schleifer/New York Times)
https://www.nytimes.com/2026/01/07/us/politics/ro-khanna-california-wealth-tax.html
http://www.memeorandum.com/260107/p90#a260107p90
@cdarwin@c.imDid California lose Larry Page?
The Google and Alphabet cofounder, who left day-to-day operations in 2019,
has seen his net worth soar in the years since
—from around $50 billion at the time of his departure to somewhere approximating $260 billion today.
(Leaving his job clearly didn’t hurt his wallet.)
Last year, a proposed ballot initiative in California threatened billionaires like Page with a one-time 5 percent wealth tax
—prompting some of them to con…
@servelan@newsie.socialTrump family is inflicting a new kind of Saudi-style 'royalism' on the US: experts - Alternet.org
https://www.alternet.org/trump-corruption-family-wealth/
@cdarwin@c.imChicago Mayor Brandon Johnson’s proposal to
reenact the corporate head tax has been hotly debated,
But whether corporations should pay more taxes should not be contentious.
Highly concentrated corporate wealth and economic inequality is a scourge on our city and society.
Corporations should pay their fair share to support the public good.
We’ve seen why this is necessary throughout history — over and over again.
I had the privilege of working with lat…
@simon_brooke@mastodon.scot"The fundamental problem is this: that most of the means of communication are owned or influenced by the very rich. If democracy is the problem capital is always trying to solve, propaganda is part of the solution. Like the kings and empire-builders of the past, they use their platforms to project the claims that suit them and suppress the claims that don’t. This means boosting right and far-right movements, which defend wealth and power..." -- George Monbiot.
@cdarwin@c.im#Mark #Zuckerberg’s decision to cut off funding to the pro‑immigration group FWD.us
marks a sharp turn away from the high-profile social advocacy that once defined his philanthropy...
even as #MacKenzie
@Techmeme@techhub.socialAutomated digital wealth management company Wealthfront's stock closed up 1.36% in its Nasdaq debut, valuing it at ~$2.7B, after raising $486M in its IPO (Andrew Welsch/Barron's Online)
https://www.barrons.com/articles/wealthfro
@cdarwin@c.imVentures launched by the Trump family since Donald Trump’s reelection have generated at least $4 billion in proceeds and paper wealth for the Trump family.
With investments across sectors like real estate, hospitality, media, cryptocurrency and more,
the Trumps are “increasingly integrating their business empire”
into the wider U.S. economy,
says David Uberti, who has been reporting on the family’s self-enrichment for The Wall Street Journal.
The coupling of T…
@cdarwin@c.imThe seeds of the January 6, 2021, insurrection can be traced back to the early 1900s,
when industrialists concerned with the erosion of their wealth and power
attempted to control the currency and restrict government spending.
Later these forces, in alignment with America Firsters,
aggrieved veterans,
and antisemitic splinter groups that mirrored various features of European fascism,
including white supremacists,
rallied to oppose Roosevelt and the …
@Techmeme@techhub.socialGov. Gavin Newsom has engaged in months of negotiations to neutralize a proposed California wealth tax ballot initiative; a compromise does not appear imminent (Politico)
https://www.politico.com/news/2026/01/12/gavin-newsom-moves-neutralize-t…
@Techmeme@techhub.socialA late-2025 amendment to California's wealth tax proposal treats founder control as ownership, a move that could end founder-controlled startups in the state (Mike Solana/Pirate Wires)
https://www.piratewires.com/p/californias-tech-industry-kill-switch
@Techmeme@techhub.socialATG, which is developing the AI-powered wealth strategist app Autonomous, emerges from stealth and raises a $15M pre-seed led by Y Combinator CEO Garry Tan (Geoff Weiss/Business Insider)
https://www.businessinsider.com/atg-autonomou…
@cdarwin@c.imOne evening in early 1976, a bushy-haired Jeffrey Epstein
showed up for an event at an art gallery in Midtown Manhattan.
Epstein was a math and physics teacher at the city’s prestigious Dalton School,
and the father of one of his students had invited him.
Epstein initially demurred, saying he didn’t go out much, but eventually relented.
It would turn out to be one of the most fateful decisions he ever made.
At the gallery, Epstein bumped into another Dalton…
