Tag: billionaires

Newsom urges a national ‘billionaires’ tax’ while fighting one in California

California Gov. Gavin Newsom, a Democrat who is considering a run for president as he approaches the end of his term, called for a national “billionaires’ tax” on Friday even as he fights another proposal targeting the wealthy in his home state.

Newsom also said the U.S. government should own a stake in artificial intelligence companies. His proposals, outlined in a Substack post, aligns him with the Democratic Party’s populist left, and he argued that urgent changes are needed to prevent the elite concentration of wealth and power from undermining democracy.

“It’s time for an economic reset for America,” Newsom wrote.

The governor announced his agenda a day after an influential health care union in California pledged to go forward with a ballot measure that would impose a one-time 5% tax on the assets of billionaires living in the state as of Jan. 1, 2026.

Newsom opposes that measure, as do many of the liberal interest groups that typically favor higher taxes. They fear it would drive billionaires out of California, eroding the state’s tax base over the long term for a one-time influx of cash. A technology mecca, California has more billionaires than any other state — a few hundred, by some estimates.

“You may not be able to pick up and move to Texas or Florida to shelter your income from taxation, but I promise you that billionaires can, and do,” Newsom wrote. “Wealth is movable, and it shops for the state with the lowest taxes. The fight belongs at the federal level, where this broken system was created in the first place.”

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Sherrod Brown Took Nearly $4.9M from Wall Street-Affiliated and Billionaire Donors While Railing Against Them

Former Sen. Sherrod Brown (D-OH), who is running for U.S. Senate in 2026 against Sen. Jon Husted (R-OH), has spent decades casting himself as a blue-collar populist, but donor data reviewed by Breitbart News shows he has taken at least $4,887,980 from donors affiliated with Wall Street, big banking institutions, investment firms, and billionaires throughout his political career

Brown has accused his opponent of taking money from “Wall Street” and “billionaires,” declared “Workers > Wall Street,” said “Wall Street does not believe in the dignity of work,” and claimed, “We continue to see the power Wall Street has over the political system.” He has also said that “making all Ohioans’ lives easier” is what he is “fighting for,” while saying his opponent is “fighting for billionaires” and arguing that Ohioans deserve a senator who fights for them, “not billionaires and special interests.”

A campaign donor list reviewed by Breitbart News includes liberal billionaires such as JB Pritzker, Tom Steyer, George Soros, Alex Soros, Steven Spielberg, James and Kathryn Murdoch, and George Lucas. 

The list also includes wealthy donors from finance, investment, and broader business circles, including Henry Laufer, Marsha Laufer, Seth Klarman, Katharine Rayner, Stewart Resnick, Jonathan Tisch, Donald Sussman, and Penny Pritzker.

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Transcript Shows Bill Gates Claim Epstein Issued ‘Veiled’ Threats Over Affairs

Bill Gates told lawmakers in a recent interview that Jeffrey Epstein threatened him subtly over his affairs but did not overtly blackmail him, according to a transcript released on June 23.

Epstein in 2013 “made some veiled references that made me wonder whether he had become aware” of one of the affairs, Gates, the co-founder of Microsoft, told the House of Representatives Oversight Committee on June 10.

Epstein later sent a reimbursement request to Gates, according to Gates. The request was for expenses that Epstein said he paid for one of the women with whom Gates had an affair.

“I viewed it as a tactic to reengage with me,” Gates said. “I’d never asked him to do anything with respect to the person we’re discussing, so I was rather surprised. That was the first time I knew explicitly that he’d become aware of that affair.”

Gates said he directed staff members not to pay Epstein.

Still, Gates maintained that Epstein did not blackmail him.

“He never blackmailed me, but looking at these emails, it raises a serious probability that he contemplated blackmailing me,” Gates said, referring to documents released by the Department of Justice in January.

Gates also said: “He never sent me anything that I would call blackmail. As I’ve said, he made veiled references to things like we should all want to be friends.

“Now that I see the January release of documents, it appears that in many cases he, at least in emails to himself, was sort of rehearsing how either he or he coaching someone else might choose to blackmail me, but none of those messages were ever sent to me.”

Gates had said through a spokesperson in 2023 that Epstein tried to “leverage a past relationship” to threaten him, without providing details.

Epstein, a convicted sex offender, died in federal prison in 2019 while awaiting trial on charges of sex trafficking of minors.

Gates has said he met with Epstein multiple times from 2011 through 2014, and that he ended the relationship in 2014 after concluding that Epstein could not deliver on claims that he could raise billions for global health efforts.

Gates said in his opening statement that he should have never met with Epstein in the first place but that he never witnessed any indication Epstein was involved in criminal conduct.

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Under Pressure by Congress, Bill Gates Names the 3 Women He Had Affairs With, and Jeffrey Epstein Tried To Blackmail Him Over – Plus: the Nobel Prize and the Norwegian Connection

It’s not just about the sex.

Two weeks ago, the US House Oversight Committee grilled tech billionaire Bill Gates over his association with late convicted sex offender and suspected human trafficker Jeffrey Epstein – and came out with new information over Gates’ affairs and Epstein’s efforts to blackmail him.

Yesterday, the transcripts of his testimony were released, showing the former richest man in the world named three women he had extramarital affairs with, two of them Russian.

The Telegraph reported:

“The billionaire Microsoft co-founder told the House oversight committee that he had affairs with two Russian women, naming them as Mila Antonova, a bridge player, and Karima Nigmatulina, a nuclear physicist.

Mr. Gates later admitted to a third extramarital affair with another female scientist [Dr Alice Jacobs Nesselrodt] following scrutiny from US congressmen during the hours-long testimony on June 10, a transcript published on Tuesday revealed.”

He continues to deny ever seeing Epstein’s abuse, repeating his line that it was “a mistake to spend time with him”.

He as much as admitted to having confided in a mutual friend of his and Epstein’s that ‘he feared he may have caught a sexually transmitted disease from one of the women’.

“In his closed-door testimony delivered to the US Congress, he suggested that Epstein “contemplated blackmailing me” after learning of his unfaithfulness with the two Russian women.

[…] Mr. Gates, who testified to Congress voluntarily, insisted that while Epstein did not successfully blackmail him about the affairs, ‘it looks like Mr. Epstein’s brainstorming was going in that direction’.”

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Elon Musk Threatens Legal Action Against Ro Khanna After Congressman’s Outrageous Lie

Elon Musk, owner of the social media platform X, has had it.

According to the New York Post, in a recent appearance on the leftist “I’ve Had It” podcast with insufferable host Jennifer Welch, Democratic Rep. Ro Khanna of California insisted that Musk “needs to answer” for the “4.5 million children around the world who he possibly sentenced to death by dismantling USAID” while Musk ran President Donald Trump’s Department of Government Efficiency, known as DOGE, in early 2025.

“Time to sue this liar,” Musk wrote Tuesday on X.

But Musk, who recently became the world’s first trillionaire, did not stop at the threat of a lawsuit. In fact, he made Khanna’s name synonymous with congressional stock trading.

“The standard applied by DOGE was very simple and easy: Provide contact information for the recipients of aid, so that we can confirm it is not fraudulent. The reality is that money was being sent to corrupt politicians under the guise of aid! Liars and stock insider traders like Ro the Robber should be in prison!!” Musk wrote.

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Billionaire Hypocrites Preach ‘Communism for Landlords’ From Their $30M Hamptons Mansions

In what has become a tiresome ritual among the ultra-wealthy, a hedge fund titan and his socialite wife are bankrolling efforts to impose socialist housing policies on New Yorkers while enjoying the fruits of capitalism from multimillion-dollar properties. Bobby and Carola Jain have funneled tens of millions into initiatives that push “decommodification” of housing and universal schemes, all while residing in luxury that most New Yorkers can only dream of.

This is not mere inconsistency. It is the predictable outcome of a worldview that demands others sacrifice for the collective good while exempting the enlightened elite. The Jains’ patronage of think tanks and policy shops aligned with New York City Mayor Zohran Mamdani reveals a deeper truth about modern progressivism: it thrives on the rhetoric of equality even as its architects insulate themselves from the consequences.

Bobby Jain built his fortune through high-stakes finance, rising at Credit Suisse before serving as co-chief investment officer at Millennium Management. He launched his own hedge fund, Jain Global, with an impressive $5.3 billion in commitments. After modest results, the fund returned capital to outside investors and now manages money primarily for Millennium.

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Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

The concept of building AI data centers in orbit has gained renewed momentum following SpaceX’s record-breaking IPO that raised over $85 billion and valued the company in the trillions. Elon Musk’s success and the massive pushback against AI data centers in rural and suburban communities has spurred competitors including Jeff Bezos to develop their own plans for space-based data centers

CNBC reports that the successful public debut of SpaceX, which raised $85 billion and made Elon Musk the world’s first trillionaire, has brought the once far-fetched idea of space-based AI data centers into the realm of plausibility. While significant skepticism remains about the economic viability of the concept, industry experts and investors suggest the massive capital infusion could accelerate development of orbital computing infrastructure.

SpaceX now possesses several key components necessary for space-based data centers, including reliable reusable Falcon rockets, plans for more powerful launch vehicles, its xAI division with substantial computing needs, and the upgradeable Starlink satellite network. The company’s interconnected operations now have billions in new capital to potentially integrate these elements and serve both internal AI operations and commercial customers such as Anthropic.

Breitbart News previously reported that Musk unveiled his plans for orbital AI data centers shortly before the SpaceX IPO:

The AI data center satellite, which Musk characterized as a preliminary version of the final design, will stand 20 meters tall with an expansive wingspan of 70 meters. These dimensions make it the largest satellite SpaceX has ever attempted to launch. The structure features a rack of AI chips flanked by extensive solar panels and liquid radiators for thermal management.

Musk described the current design as a draft iteration of what will become the operational version. He noted that the satellite is considerably less complex than SpaceX’s Starlink satellites, which the company has been deploying since 2019. Much of the technology draws from systems already developed for the satellite internet service.

“We don’t think this is a super hard problem, compared to things we already do,” said Musk.

Duncan Davidson, a partner at Bullpen Capital, stated on CNBC’s The Exchange that “The company comes down to data centers in space. That is the big, long-term play.” Davidson noted that while engineering and technical challenges are being addressed, the economics remain marginal at present. However, he expressed optimism about the long-term business case as launch costs decrease while terrestrial data center expenses continue rising.

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WHOA! Self-Driving Tesla Comes Flying Through Family’s Home in Texas Killing Woman

A Tesla, which the driver says was in self-driving mode, crashed into a Texas home at high speed on Friday, killing a woman inside the home.

Doorbell footage from the incident, obtained by Fox, shows the blue Tesla Model 3 flying through the front yard before plowing into the home.

76-year-old Martha Avila Mantilla, a grandmother, was killed in the crash.

Additional video from another residence shows the Tesla flying through the neighborhood before the collision.

Authorities say the car was speeding and blew through an intersection, missing its turn, before crashing into the home.

Law enforcement says the driver, 44-year-old Michael Butler, showed no signs of intoxication and is cooperating with the investigation. He is not facing charges at this time.

Tesla currently faces a federal investigation into roughly 3 million Teslas and a potential recall of its self-driving vehicles.

“It just flew straight into their home,” a neighbor said. “It happened so quick.”

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‘The intelligent age is replacing our cognitive capabilities with AI’: WEF founder Klaus Schwab

If intelligence were to become a utility billed on a meter, then the intelligent age would only benefit the elite and those who could afford it: perspective

The intelligent age is replacing our cognitive capabilities with AI, and universities should prioritize teaching students how to capably use technology over teaching actual knowledge, according to WEF founder Klaus Schwab.

Livestreaming today at the University of Johannesburg in South Africa, Schwab spoke at length about what he calls ‘the intelligent age” and what it means for jobs, students, and humanity.

Comparing previous industrial revolutions to the so-called intelligent age, the grand architect of the great reset agenda said that our thinking abilities were now being delegated to artificial intelligence.

“What is the Intelligent Age doing? It is replacing our cognitive capabilities by algorithm, or by what we call our artificial intelligence”Klaus Schwab, The Intelligent Age and the Responsibility of African Leadership, May 2026

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FBI Raids Soros-Connected Ohio Voter Mobilization Group In Fraud Investigation

Federal investigators executed search warrants at the headquarters of a Soros-aligned voter mobilization organization in Ohio as part of what sources described as an ongoing fraud investigation.

FBI agents searched the offices of the Ohio Organizing Collaborative on June 11 and conducted interviews with members of the organization across the state, according to reports. Some agents reportedly served subpoenas or sought to seize electronic devices during the operation.

Multiple sources familiar with the matter later told CBS News that the federal action was tied to a fraud-related investigation.

The Department of Justice declined to discuss the specifics of the case.

“Search warrants are authorized by a judge and anything said by any organization or others in the media is unfounded speculation, as the target of any investigation is not privy to the search warrant affidavit until after indictment,” a DOJ official told Fox News Digital.

The Ohio Organizing Collaborative is a nonprofit group involved in voter registration and voter mobilization efforts and works closely with Democrats in Ohio. The organization has also played a prominent role in statewide ballot campaigns and referendum efforts.

The investigation is part of the Trump administration’s effort to increase enforcement of election-related laws and allegations of voter fraud.

Tax records show the organization reported more than $10 million in revenue during 2024.

Funding for the group has come from several major Democratic-aligned organizations and labor unions, including entities connected to the Soros family, the New Venture Fund, the Tides Foundation, the American Federation of Teachers and the Service Employees International Union.

According to the report, the Soros family’s Foundation to Promote Open Society provided approximately $1.9 million to the organization between 2019 and 2020.

The Open Society Action Fund later contributed an additional $1 million to a related organization in 2021 and another $1 million in 2023.

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