Global push for higher taxes on the super-rich

Rightwing government in Italy doubles flat tax on foreign income, joins G20-led push for higher taxes on the super-rich. Global momentum for wealth tax increases with calls from various countries and organizations to target billionaires and centimillionaires for more tax revenue to fund anti-poverty measures and climate-friendly initiatives.

Political Clash Between Silicon Valley and Hollywood Elites

Silicon Valley billionaires clash with Hollywood moguls over political differences, particularly in the 2024 election, with tensions rising over support for Trump and views on government policies. Hollywood elites, including Jeffrey Katzenberg, are backing Kamala Harris, while Silicon Valley tech billionaires like Elon Musk and Peter Thiel are supporting Trump. The conflict extends beyond politics to include cultural clashes and philosophical differences between the two camps.

Brazil's Proposal for Global Wealth Tax to Fight Climate Change and Hunger

Brazil is proposing a global minimum wealth tax on billionaires to fund efforts to combat climate change and poverty in low- and middle-income countries. The tax would be around 2% on the world's billionaires and could raise an estimated $250 billion per year worldwide.

President Joe Biden's Tax Plans and Income

President Joe Biden details plan for 25% tax on American billionaires during State of the Union address. Biden and first lady Jill Biden reported $619,976 federal income in 2023. They paid $146,629 in federal income tax with an effective rate of 23.7%. Biden administration emphasizes transparency by releasing tax returns and donating to various charities.

Mexico's Billionaires' Wealth Under President Lopez Obrador

Mexico's billionaires have seen their wealth soar under President Lopez Obrador despite his anti-billionaire rhetoric, with the top five richest individuals doubling their net worth. The president's policies, including a strong peso rally and fiscal austerity, have contributed to the billionaires' financial gains. Despite public criticism and promises of wealth redistribution, little has been done to challenge the dominant market position of the billionaire class.

World Billionaires

Forbes has identified a record 2,781 billionaires worldwide with a total wealth of $14.2 trillion. The United States leads with 67 new billionaires, followed by China and India. Notable newcomers include Taylor Swift, Magic Johnson, and Christian Louboutin. The majority of new billionaires are self-made, with the youngest being 19-year-old Livia Voigt. Technology and manufacturing sectors saw significant growth in billionaire numbers.

Billionaires in Mumbai and Global Wealth Trends

Mumbai has the most billionaires in Asia, overtaking Beijing. China still leads in total number of billionaires globally, despite a decrease from last year. The U.S. gained 109 billionaires in 2023. Artificial intelligence drove wealth creation for ultrawealthy individuals in the U.S. Taylor Swift joined the billionaires list with a net worth of $1.2 billion.

California Primary Election Rigging Allegations

Katie Porter suggests California primary race was rigged by billionaires after losing to Adam Schiff and Republican candidate Steve Garvey. Porter received millions in donations despite not accepting corporate PAC money.

Pro-Beijing Groups Promoting Transgender Movement in the U.S.

Pro-Beijing groups backed by China-linked billionaires are promoting the transgender movement in the U.S. to advance a Marxist agenda, as revealed by author Peter Schweizer in his book 'Blood Money.' Two billionaires, Neville Roy Singham and Joseph Tsai, are funding organizations pushing transgenderism as a weapon against the capitalist order.

IRS Crackdown on Tax Evasion by Millionaires and Billionaires

The IRS is cracking down on tax evasion by millionaires and billionaires, aiming to collect unpaid taxes and ensure a fair system where every taxpayer contributes their fair share. With increased funding, the IRS is targeting complex tax returns and using AI to identify high-risk returns for audits.