(June 26, 2026)
“The misdirect here is that Newsom is opposing a WEALTH tax on billionaires in his own state and insisting he supports a new national INCOME tax on billionaires. But billionaires make money off non-income sources.”
Archiv: Milliardäre / billionaires
Democratic socialists eye 2028 White House race
(June 25, 2026)
The Democratic Socialists of America (DSA) are eyeing a 2028 presidential bid in the wake of recent electoral successes across the country.
DSA Co-chair Ashik Siddique told The Hill in a Thursday interview that the organization has more than 100,000 members and 200 chapters across the country. “We want people to be talking proactively about what they would want to see in a presidential campaign,” he said. The organization is looking to see how voters would engage and what would motivate them, he added.
California billionaire tax headed for ballot despite top Democrats’ opposition
The push to put a billionaire tax to a popular vote in blue California has exposed deep divides on the left, even as Democratic politicians across the country rally around calls for the wealthy to pay more. The issue is pitting the populist mood of the public against many Democrats’ fears that the measure will push the ultrawealthy to join a broader exodus from the state and take their tax dollars with them.
Gavin Newsom fails to stop California’s controversial billionaire tax from going to voters
(June 25, 2026)
SEIU-United Healthcare Workers West President Dave Regan refused to back down on the billionaire tax.
Gavin Newsom moves to neutralize tax on billionaires
(January 12, 2026)
The conversations, reported here for the first time, have occurred intermittently for months as SEIU-UHW’s ballot initiative targeting billionaires migrated from the backrooms of California politics to the center of a raging debate about Silicon Valley and income inequality, sparking tech titans’ wrath and vows to move out of state.
“We’ve been at this for four months,” Newsom said in an interview with POLITICO, describing an “all-hands” effort that has included him meeting one-on-one with SEIU-UHW’s leader, Dave Regan.
A compromise does not appear imminent. A union official cast doubt on the possibility of a deal, saying the two sides do not currently have another meeting scheduled and framing a ballot fight as an inevitability.
California Billionaire Tax Act
Our solution: The California Billionaire Tax Act
We’re calling on California’s billionaires to step up and pay a one-time, emergency 5% tax to prevent the collapse of California healthcare and help fund California public K-14 education and state food assistance programs. This would protect healthcare jobs and ensure working people and families can get the care they need. The tax would be paid only by Californians worth more than $1 billion — which is about 200 people who hold a combined wealth of $2 trillion.
Get the fact sheet: English | Spanish
Visit the campaign website.
American ‘Oligarchy’ Decried by Biden Gained $1.5 Trillion in His Term
(January 16, 2025)
The very richest Americans are among the biggest winners from President Joe Biden’s time in office, despite his farewell address warning of an “oligarchy” and a “tech industrial complex” that threaten US democracy.
The 100 wealthiest Americans got more than $1.5 trillion richer over the last four years, with tech tycoons including Elon Musk, Larry Ellison and Mark Zuckerberg leading the way, according to the Bloomberg Billionaires Index. The top 0.1% gained more than $6 trillion, Federal Reserve estimates through September show.
U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
(Sept 13, 2023)
At the Private and Public Sector Entity Levels. (In trillions of U.S. dollars)
PRIVATE SECTOR:
Households 121.9
Nonprofits 8.6
Noncorporate businesses 17.2
Total U.S. Private Sector 147.7
PUBLIC SECTOR:
Federal government – 21.3
State and local government 11.5
Total U.S. Public Sector – 9.8
Instrument discrepancies – 1.1
TOTAL U.S. WEALTH 136.8
Exclusive: UK adopts SpaceX‘s Starshield for military operations, sources say
(June 2, 2026)
Britain has begun using SpaceX‘s militarised satellite network Starshield, according to two people familiar with the matter, making it among the first countries outside the United States to adopt Elon Musk‘s government-focused variant of Starlink.
Starshield, developed for the U.S. government, is designed for military and intelligence missions with enhanced security features, while SpaceX‘s standard Starlink broadband service is aimed at consumer and commercial use.
Exclusive: Pentagon spars with SpaceX over Starlink price hike during Iran war
(May 26, 2026)
The ongoing disputes, which have not previously been reported, underscore how the Pentagon’s growing reliance on SpaceX is handing Musk greater leverage over a critical layer of U.S. national security – at a time when SpaceX is seeking to boost revenue ahead of an IPO next month that could be among the biggest in history.
Unlike consumer Starlink terminals available at stores including Walmart, SpaceX sells a military-specific version called Starshield to the Pentagon under a 2023 agreement. Starshield terminals can connect to both commercial Starlink satellites and a separate, more secure constellation, also called Starshield, according to a person familiar with the matter.
Starlink Has Privatized Geopolitics
(March 20, 2026)
Starlink is far more than a commercial connectivity service. It is strategic infrastructure that increasingly shapes how wars are fought, how states manage internal unrest, and how criminal networks operate in ungoverned spaces. What makes Starlink so politically consequential is not just its globe-spanning reach but also the governance model behind it.
A private company is now a gatekeeper in orbit, helping decide who connects as well as where, under what conditions, and with what technical constraints. In a growing number of conflicts, these decisions carry military and political effects that states struggle to replicate or control. If many strategic supply chains now depend on private firms, Starlink is an unusually concentrated case of private discretion over public security functions.
U.S. Net Wealth Is Over $135 Trillion. Here’s Where That Money Resides.
(Sept 13, 2023)
At the Private and Public Sector Entity Levels. (In trillions of U.S. dollars)
PRIVATE SECTOR:
Households 121.9
Nonprofits 8.6
Noncorporate businesses 17.2
Total U.S. Private Sector 147.7
PUBLIC SECTOR:
Federal government – 21.3
State and local government 11.5
Total U.S. Public Sector – 9.8
Instrument discrepancies – 1.1
TOTAL U.S. WEALTH 136.8
The Case for California’s Billionaire Wealth Tax
(May 26, 2026)
A California ballot initiative that will be put to voters in November would tax just 5 percent of billionaires’ fortunes over five years. This trailblazing wealth tax would be a small (for the ultrawealthy) but important (for everyone else) step toward raising needed tax revenue and curbing the state’s runaway inequality.
The billionaire class in California includes roughly 250 households, a mere 0.001 percent of the state’s families. Yet its wealth now amounts to more than half of California’s entire annual economic output.
This means that if these billionaires spent all of their wealth, they could buy more than half of the goods and services produced in a year in the entire state.
Tom Steyer for Governor of California
Yes, Tom Steyer is a billionaire. But it matters what he is doing with that power: pushing for taxes on the wealthy, expanding universal programs, and dismantling corporate influence in our politics.
This is also about winning.
In a high-stakes race where Republicans could take the top spot, consolidating behind a candidate who is both values-aligned and building momentum is essential. Our organizers on the ground in California are seeing real energy around Steyer for Governor — and that grassroots engagement helped drive this decision.
Our Revolution, Nation’s Largest Independent Grassroots Political Organization, Endorses Steyer
(April 20, 2026)
SAN FRANCISCO – Today, Our Revolution, America’s largest grassroots independent political organizing group, announced its endorsement of Tom Steyer for Governor of California, joining a surge of prominent endorsers getting behind Steyer’s campaign as early voting approaches. Our Revolution was founded as a continuation of Bernie Sanders’s historic 2016 presidential campaign and works to mobilize voters and elect progressive candidates across the country. In the coming months, it will mobilize its more than one million Californian members to organize and volunteer in support of Steyer’s candidacy.
In California, Vote Against the Forces Destroying Democracy
It is painful that the one person who has spent the past decades aggressively supporting democracy, fighting for immigrant rights, fighting the tendency toward oligarchy in our politics, and challenging the fossil fuel industry is himself a billionaire. But the facts are that Tom Steyer will not veto the billionaire’s tax, has pledged to support closing the Water’s Edge Tax loophole, and has pledged to not take fossil fuel money.
Trump’s trillion-dollar business delegation arrives in China, eager for deals
The delegation’s collective wealth exceeds US$1.07 trillion, according to data from Forbes and United States Securities and Exchange Commission filings compiled by Quiver Quantitative, and each member holds a significant commercial stake in the bilateral relationship.
Tesla and SpaceX CEO Elon Musk leads the group with a personal net worth of US$827 billion, representing over 77 per cent of the delegation’s total wealth.
King of Illinois: Pritzker swings Senate race as he targets Trump
CHICAGO — Gov. JB Pritzker emerged as the kingmaker in deep-blue Illinois after pouring millions of dollars and staking his political reputation to deliver his hand-picked Senate candidate a primary victory on Tuesday.
The result strengthens Pritzker’s standing within his party at a critical moment, as he prepares for a November gubernatorial campaign for his third term and looks ahead to a potential presidential run in 2028.
Takeaways from the Illinois primary elections
The primary’s biggest winner might be Stratton’s top booster: Gov. JB Pritzker.
The Democratic governor, who is widely seen as a 2028 presidential contender, was unopposed in his own primary as he seeks a third term. But he pumped millions of dollars into lifting Stratton over two members of Congress in the race to replace retiring Democratic Sen. Dick Durbin.
Stratton Wins and AIPAC’s Power Is Tested: 4 Illinois Takeaways
More than $32 million in outside spending poured into four Chicago-area House contests, a tidal wave of cash led by groups tied to the American Israel Public Affairs Committee, the crypto sector and the artificial intelligence industry.
AIPAC and the A.I. industry wound up with split decisions. The crypto sector lost the two races where it spent roughly 90 percent of its money. And progressives failed to build momentum early in midterm primary season.
Here are four takeaways from primary night in Illinois:
Regime Change and Real Estate
(March 11, 2026)
When Cuban-American billionaire Jorge Mas Santos (henceforth, Mas) visited the White House last week, the meeting was less focused on Inter Miami’s MLS Cup victory and more on the evergreen influence of Miami’s business elite over Washington’s Cuba policy.
Mas, the chairman of a powerful family business empire and longtime political player in South Florida, has spent decades advocating for tightening U.S. sanctions on Cuba until the island’s political system changes. He inherited the position from his father, Jorge Mas Canosa, who formed the Cuban American National Foundation (CANF) with the help of the Reagan administration as part of Washington’s effort to counter leftist governments in Latin America and the Caribbean.
The ‘Crazy’ Plot to Release the Epstein Files
Khanna’s staff and consultants tried to talk him out of pursuing such legislation, explaining that it could make him look like a conspiracy theorist, instead of his desired image as a “serious economics guy.” But Khanna explained to his staff that the topic of Epstein kept coming up, especially when he appeared on podcasts or visited the more conservative parts of his district. He recalled a young man delivering a long rant at a recent town hall about how he didn’t trust the government because it was “protecting pedophiles” by not releasing the Epstein files or holding more people accountable. In that moment, Khanna told me, he realized that standing up for Epstein’s victims—and against the wealthy or powerful—was a way to build trust.
Jeffrey Epstein Recruited NSA Codebreakers for Genome “Manhattan Project”
(February 10, 2026)
For the next decade, Epstein continued to recruit engineers from U.S. national security entities, including DARPA, to his genome hacking project. He asked Kathryn Ruemmler, the White House attorney who had handled the legal fallout from the Edward Snowden leaks, to help him source cryptographers from the National Security Agency. “Can you find a guy from nsa that can think about signal intelligence applied to DNA,” Epstein wrote . “I want to intercept communication between living cells in organisms.”
In late 2012, he had sent the same request to Boris Nikolic, Bill Gates’ top aide: “do you have any contacts at nsa so that we can use de encypriton (sic) in biological systems?” “Yes,” Nikolic replied, “There are no many places where I do not have someone ;)”
California gubernatorial candidate Tony Thurmond endorses California Billionaire Tax
(February 20, 2026)
Thurmond, a longtime champion of programs to counter food insecurity, sponsored a state law that currently funds universal school meals for every California student. Today, Thurmond praised the Billionaire Tax for helping children and families when they need it most, by funding food, supporting K-14 public education, and protecting healthcare for all Californians.
“Billionaires have a unique opportunity to save healthcare for Californians, feed hungry families, and reinvest in our public schools,” Thurmond said. “Growing up in poverty, having access to healthcare and food aid kept me and my brother alive, and public education offered us a ladder to the middle class. At a time of unprecedented wealth and income inequality, now is the time to strengthen that ladder for the next generation, not pull it up behind us.”