#Billionaires

California voters face a November decision on a 5% one-time wealth tax targeting billionaires for $100 billion in revenue. NBER research shows the levy is modest against recent 144% wealth growth yet significant versus current 0.2% effective rates.…

This ‘ghost GDP’ shows how headline economic growth is increasingly disconnected from reality for most, says report

Taking more money from Elon Musk won’t fix the government incompetency that got us here in the first place, but it does undermine the innovators that make our economy the largest in the world.

Incline Village on the Nevada side of Lake Tahoe has seen an influx of ultra wealthy Californians fleeing the state’s proposed billionaires tax.

One of billionaire Stephen Cloobeck’s alleged victims says he received threatening telephone calls from an unknown number in January.

From Nypost RSS Feed: Stephen Cloobeck’s scandal-clad rise to riches — after flop governor run as ‘Donald of the Democrats’

Eccentric billionaire Stephen Cloobeck’s friends and acquaintances tried to warn him to break off the relationship with his alleged honeytrapper fiancée long before he was arrested.

Typical: Socialist AOC is taking a strength of American society — its openness to talent and innovation — and portraying it as a fundamental problem.

From Nypost RSS Feed: Insiders release details of billionaire playboy Stephen Cloobeck’s arrest — and the extent of his alleged crimes

No wonder they are upset by the slogan ‘tax the rich’. Despite their wealth increasing 81% since 2020, they need our emotional support now more than ever, writes Arwa Mahdawi

“You got to bring them to the office. You got to meet them. You have to have dinner with them. You have to convince them not to leave.”

From Nypost RSS Feed: Biden advisor points out huge hypocrisy in supporters of Tom Steyer for California governor

Facing the prospect of paying a bit more in taxes, billionaires are responding calmly and rationally: by calling themselves a marginalized, oppressed minority group being traumatized.

From Nypost RSS Feed: Crazy fight pits AI boss worth $7.6B against hero LA firefighter in petty dispute over tiles: court docs

California’s Democratic Socialists have made their pick for governor — but they’re not happy about it.

The Big Apple is flying Zo-lo. Billionaire former Mayor Michael Bloomberg subtly shaded his socialist successor, Zohran Mamdani, when snapped by the paparazzi Thursday night. As Bloomberg, 84, and …

Rep. Alexandria Ocasio-Cortez has been roundly scored after she claimed on a podcast this week that the idea anyone can earn their way to billionaire status is a “myth.”

New York leaders are desperately trying stop billionaire bigwigs from hightailing out of the Big Apple with their cash, businesses and thousands of jobs — as fears mount that Mayor Zohran Mam…

From Nypost RSS Feed: Billionaires are ditching California for Florida mega-mansions — see the jaw-dropping luxury features they’re demanding

“I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once.”