Billionaires spent $378 million to defeat Prop. 40, exposing a rift among California Democrats on taxing the rich.
Archiv: Reichtum / Überklasse / richdom / haves / have-mores („wealth“) / overclass
California voters reject measure to tax the wealth of billionaires
SACRAMENTO, Calif. (AP) — California voters have rejected a first-in-the-nation tax on the net worth of billionaires following a contentious ballot fight that generated huge spending by some prominent tech leaders eager to stop their taxes from going up.
The measure’s failure is a win for Democratic leaders who opposed it, including Gov. Gavin Newsom, who may run for president in 2028.
Hunderttausende bei Generalstreik in Frankreich auf der Straße
(November 5, 2026)
Michael Strempel, ARD Paris, tagesschau, Das Erste, 05.11.2026 • 20:00 Uhr
Interior ministry says 575,000 protest across France as unions claim ‚close to 1.6 million‘
(November 5, 2026)
Nearly 1.6 million people joined protests across France on Thursday, according to the hard-left labour union, while the interior ministry put turnout at around 600,000. Protesters demanded higher wages and backed the high school protest movement, putting renewed pressure on the beleaguered government. Prime Minister Sébastien Lecornu is set to meet with trade unions on Monday.
Prop 40, the Billionaire Tax Act, Explained | SEIU-UHW
Our solution: Prop 40, 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 a bit over 200 people who hold a combined wealth of $2 trillion.
California could become the first state to tax billionaires’ wealth
The “no” side has raised roughly 10 times as much as the “yes” side, thanks in large part to tech moguls and venture capitalists, who have poured millions into a political action committee fighting the measure. Billionaires are already bracing for its approval. Some of them, including Google co-founders Sergey Brin and Larry Page, started cutting ties with the state after the measure was unveiled. Mark Zuckerberg said he would stay in California for eight years and made a deal with Meta that would help him pay the tax without losing his ownership stake in the company.
54 milliards euros d’économies, 54 milliards de raisons d’être en grève et dans la rue le 5 novembre !
La FEC FO appelle l’ensemble des syndicats à se mobiliser massivement aux côtés de la jeunesse pour défendre les libertés civiques et syndicales.
La situation actuelle des jeunes, salariés, retraités, précaires exige dès maintenant de réunir toutes les forces, en grève, pour obtenir satisfaction !
– Augmentation des salaires et des pensions.
– Baisse drastique des prix du gaz, de l’électricité, des carburants.
– Baisse de la TVA sur les produits de première nécessité.
– Arrêt des exonérations des cotisations sociales.
– Arrêt des plans de suppression d’emplois.
– Rejet des projets de budgets 2027 de l’État et de la Sécurité sociale (prévision de 54 Mds€ d’économies faites sur le dos des salariés, retraités et précaires).
– Investissements massifs dans nos services publics : écoles, hôpitaux, Sécurité sociale, sécurité civile, assurance chômage… par ailleurs créateurs d’emplois.
– Arrêt de la sous indexation et du gel des pensions de retraite, maintien de l’abattement de 10 % pour les retraités.
– Retrait définitif de la dernière réforme des retraites, et la préservation du système de retraite par répartition.
Toutes et tous en grève et dans la rue le 5 novembre 2026 !
Gewerkschaft: Generalstreik in Frankreich am 5. November
(October 21, 2026)
Frankreichs Gewerkschaftsbund CGT hat im Zuge der aktuellen Sozialproteste zu einem Generalstreik am 5. November aufgerufen. Bei einem „erfolglosen Treffen“ am Mittwoch sei Premier Sébastien Lecornu auf die Forderungen der Gewerkschaften und der Demonstranten vom Wochenende in keiner Weise eingegangen, hieß es. Jetzt sei die Zeit für Streiks gekommen. Das Land befinde sich in einer Krise, die soziale Lage habe sich für eine Mehrheit der Bevölkerung klar verschlechtert.
La CGT appelle à généraliser la grève le 5 novembre
(October 21, 2026)
La CGT appelle à des assemblées générales partout sur les lieux de travail pour décider de la généralisation de la grève le 5 novembre, date de la journée de grève et de manifestations décidée par l‘intersyndicale interprofessionnelle.
C‘est par la grève massive que nous mettrons le patronat et le gouvernement sous pression et que nous gagnerons sur nos revendications et celles de la jeunesse. C‘est par la grève que nous obtiendrons les augmentations de salaires et pensions indispensables pour vivre dans de bonnes conditions. C‘est par la grève que nous gagnerons les budgets pour nos services publics et les financements pour notre Sécurité sociale.
Mobilisation de la jeunesse, retour des gilets jaunes, appel de l‘intersyndicale… On vous résume les revendications et la réponse du gouvernement
(today)
L‘exécutif est confronté à une colère sociale puissante mais aussi plurielle, avec des revendications portées par différents mouvements. Franceinfo fait le point sur les demandes des uns et des autres et les réponses apportées jusqu‘à présent.
Transaktionen und Bestände (unkonsolidiert)
(Juli 16, 2026)
Private Haushalte
Geldvermögen insgesamt
9.489,9 (Milliarden Euro)
(…)
Nichtfinanzielle Kapitalgesellschaften
(unkonsolidiert)
Geldvermögen insgesamt
9.068,5 (Milliarden Euro)
(…)
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
JD Vance: You stop socialism by improving people’s lives, not using slogans
Vice President JD Vance discusses how the GOP can combat socialist support on ‘The Will Cain Show.
Epstein, Israel, and the CIA: How the Iran-Contra Planes Landed at Les Wexner‘s Base
(December 19, 2025)
Stanley Pottinger, as it happens, was a notable figure in the scandal that became known as Iran-Contra, in which the CIA used Israel as a middleman to move off-the-books weapons to Iran. In the early 1980s, under the CIA’s supervision, Pottinger advised an Iranian banker on shipping embargoed arms to Iran using fraudulent paperwork and overseas “dummy companies”—in the very same period that Pottinger and Epstein worked together selling “tax-avoidance” strategies from a penthouse by Central Park. Pottinger’s system eventually gave rise to a network of covert intermediaries shipping arms around the world; the CIA’s profits became a slush fund used to illegally bankroll the insurgent Contra army, who waged a war against Nicaragua’s leftist government while simultaneously trafficking cocaine to the United States.
(…)
Pottinger escaped prosecution after the FBI’s incriminating tapes of his conversations mysteriously disappeared; he went on to make a fortune on real estate deals in the 1980s, and became a New York Times’ bestselling novelist. His Times obit from last year reports that his final spy thriller remains unpublished. Hashemi died in 1986 after being infected with “a rare and virulent form of leukemia” that was diagnosed only two days before he died. (His death was later alleged to be foul play.)
The Shadow Of The Nomenklatura: Corruption, Elite Privilege, And Eroding Trust In Democratic Strongholds
(June 14, 2026
The final decade of the Soviet Union showed how systemic corruption and elite self-enrichment destroy public faith in a governing system. The nomenklatura—the Communist Party’s privileged bosses—enjoyed dachas, special stores, and luxury while ordinary citizens faced shortages and endless propaganda about equality. Scandals like the Uzbek cotton embezzlement exposed billions diverted through falsified records and bribes. This hypocrisy sped up the CPSU’s moral and practical collapse in 1991.
Transaktionen und Bestände (unkonsolidiert)
(Juli 16, 2026)
Private Haushalte
Geldvermögen insgesamt
9.489,9 (Milliarden Euro)
(…)
Nichtfinanzielle Kapitalgesellschaften
(unkonsolidiert)
Geldvermögen insgesamt
9.068,5 (Milliarden Euro)
(…)
Transaktionen und Bestände (unkonsolidiert)
(October 17, 2024)
Private Haushalte
Geldvermögen insgesamt
8.814,7 (Milliarden Euro)
(…)
Nichtfinanzielle Kapitalgesellschaften
(unkonsolidiert)
Geldvermögen insgesamt
8.779,8 (Milliarden Euro)
(…)
‘Thinking He Can Fool Everyone,’ Newsom Backs One Billionaires Tax But Not Another
(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.”
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
James Talarico for Texas: It’s time to Start Flipping Tables.
James is an eighth-generation Texan, former middle school teacher, and Presbyterian seminarian. As a state representative, he’s led the fight against the billionaire mega-donors and puppet politicians who have taken over Texas.
Now, he’s running for U.S. Senate to take his fight against corruption to Washington and win power back for working people.
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.
Why the Price of Gas Is the Most Important Number in US Politics
Gasoline accounts for a shrinking share of household budgets, but its political power can still make or break a presidency.