@cdarwin@c.im2026-07-03 22:56:27
This November, California voters will weigh what could become America’s first-ever tax on net worth.
The Billionaire Tax Act,
a ballot initiative put forth by health workers after Donald Trump blew holes in the state Medicaid budget,
would impose a one-time tax of 5 percent on personal wealth exceeding $1 billion.
With polls indicating majority support,
tech oligarchs have threatened an exodus
and crafted competing measures,
bankrolling them to the…
@Mediagazer@mstdn.social2026-07-02 22:55:48
Lee Enterprises, which owns the St. Louis Post-Dispatch and more, told its newspapers to run a three-story package on new chairman David Hoffmann on front pages (Angela Fu/Poynter)
https://www.poynter.org/rep…
@scott@carfree.city2026-07-04 07:33:00
The statewide California propositions have their numbers.
Hell yes on Prop 40 (billionaire tax), hell NO on 39 (voter suppression), 41, 42, 43 (various attempts to neuter the billionaire tax or make it harder to tax the rich).
https://www.sos.ca.gov/elections/ballot-me
@Techmeme@techhub.social2026-07-01 19:51:05
Alex Karp calls US reliance on AI labs for military tech "effing insane", pans AI fees for businesses, and touts Palantir's Nvidia Nemotron deal for US agencies (Ty Roush/Forbes)
https://www.forbes.com/sites/tylerroush/20
@aral@mastodon.ar.al2026-05-04 10:21:55
RE: https://mastodon.social/@Snoro/116515793501425484
Yes but some billionaires are trying to become trillionaires. Won’t someone think of them?
@sauer_lauwarm@mastodon.social2026-07-01 17:56:03
@cdarwin@c.im2026-06-01 15:09:58
Tech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California,
in an unrivaled attempt to influence who gets to run the state that Silicon Valley calls home.
The industry has used a cover-all-bases approach,
funding candidates and ballot measures big and small,
contributing to what looks to be the most expensive primary season in California history.
The goal, experts say, is to gain both political and regu…
@Techmeme@techhub.social2026-07-01 09:55:53
The US sentences Guo Wengui, a self-exiled billionaire Chinese tycoon who defrauded his online followers out of hundreds of millions, to 30 years in prison (Associated Press)
https://apnews.com/article/guo-wengui-chinese-businessman-fraud-3deb…
@Techmeme@techhub.social2026-05-04 15:05:45
Trump's World Liberty Financial countersues Tron founder Justin Sun, alleging defamation, contract violations, and more (Ben Weiss/Fortune)
https://fortune.com/2026/05/04/trump-world-liberty-financial-countersuit-justin…
@cdarwin@c.im2026-06-29 03:06:47
California voters will get to decide in November whether billionaires should pay a one-time 5% tax,
after a deadline passed on Thursday for its backers to withdraw the measure.
“Enthusiasm for the billionaire tax is unlike anything we have seen before,”
Debru Carthan, vice-president of the union sponsoring the measure, said during a Thursday-evening press conference.
“The billionaire tax will be on the November ballot and we intend to win.”
The so-called billio…
