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The tax-the-rich bill is likely to face major hurdles to pass Democratic lawmakers in California have proposed two new tax tiers for the state’s ultra-high-net-worth individuals. The bill, introduced last week by Assemblymember Alex Lee (D-San Jose), will target all households worth over $50 million with a 1% annual wealth tax, while households worth over […]
An Australian mining mogul argues the platform is being used to “commit crime” against unwitting netizens One of Australia’s richest men has launched a lawsuit against Facebook, claiming the site has allowed scams and fraudulent ads to proliferate, including some that use his own image in order to bilk victims of their cash. Billionaire Andrew […]
A US billionaire’s business is facing boycotts after reports claim he wrote “big checks” to “challenge” Joe Biden’s victory Dick Uihlein is facing calls for a boycott of his multinational shipping supplies company Uline, after recent financial disclosures revealed he gave millions to right-wing groups seeking to challenge President Joe Biden’s 2020 victory against Donald […]
A tourist crew consisting of a Japanese fashion tycoon, his producer, and a Russian cosmonaut have safely made it back to Earth early on Monday after spending 12 days at the International Space Station. The Russian Soyuz capsule carrying the trio performed a soft touchdown on the steppe of Kazakhstan at 9:13am (3:13am GMT), three […]