Showing posts with label billionaires. Show all posts
Showing posts with label billionaires. Show all posts

Sunday, August 16, 2026

'The Nerd Reich' tracks the 'unmasking of Silicon Valley's true politics' (Tonya Mosley, Fresh Air podcast)

Journalist Gil Durรกn argues that a small circle of Silicon Valley billionaires and venture capitalists have concluded that democracy is in their way — and that they should be governing in its place.
"My book is about a cult of Silicon Valley billionaires who believe that in the 21st century, technology will make democracy obsolete. And it goes back a few decades. In 1997, if you want to know the full root of it, there was a book that came out called The Sovereign Individual that predicted that in the 21st century, technology would result in the end of democracy and nation states like the United States. Specifically, the book said that two technologies - one, something called cybercurrency, which we would today consider crypto, and another called advanced automation, which is basically AI - would collapse the economy and thereby the government itself and would lead to the rise of a new cognitive elite, these sovereign individuals, wealthy individuals who, by making the right investments and the right moves, would be able to profit from the destruction of the United States and other democratic nation states."   
Interview: 

Saturday, July 11, 2026

Auchter's Art: Class in politics

“It did occur to me to make Elon Musk the guy in the cartoon. After all, the newly minted trillionaire is very much the poster child for an absurd concentration of wealth leading to an absurd concentration of power. 

 But I thought that would be letting all the other tech-bro billionaires off the hook. And there are plenty of them out there rigging systems, undermining democratic principles, and aligning with political authoritarians to spread fear so they can further concentrate their wealth and power...”

 https://www.michiganpublic.org/opinion/2026-07-10/auchters-art-class-in-politics


 

Thursday, June 18, 2026

Billionaires Know Just How They Want Supreme Court Justices to Rule—and Are Spending Big to Tell Them – Mother Jones

As Jackson warned, it’s hard to view it as a coincidence that a Supreme Court majority built on fossil fuel money went out of its way to help the industry. Indeed, the case is emblematic of a broader distortion of American law. Billionaires and the industries they run have a well-monied thumb on the scales of justice, an oligarchic influence operation that, among other tactics, funds a flood of amici to push the justices toward a preferred outcome…

https://www.motherjones.com/politics/2026/06/supreme-court-amicus-briefs-investigation/ 


 

Thursday, February 19, 2026

Sanders and Newsom clash over proposed tax on California's billionaires | PBS News

Newsom has long opposed state-level wealth taxes, believing such levies would be disadvantageous for the world's fourth-largest economy. At a time when California is strapped for cash and he is considering a 2028 presidential run, he is trying to block the proposal before it reaches the ballot. 

Analysts say an exodus of billionaires could mean a loss of hundreds of millions of tax dollars for the nation's most populous state. But supporters say the funding is needed to offset federal cuts that could leave many Californians without vital services...

https://www.pbs.org/newshour/politics/sanders-and-newsom-clash-over-proposed-tax-on-californias-billionaires 


 

Tuesday, November 4, 2025

Top 10 US billionaires’ collective wealth grew by $698bn in past year – report

Meanwhile, over 40% of the US population, including nearly 50% of children, are considered low-income, with family earnings that are less than 200% of the national poverty line. 

When pitting the US against 38 other higher-income countries in the Organisation for Economic Co-operation and Development (OECD), the US has the highest rate of relative poverty, second-highest rate of child poverty and infant mortality, and the second-lowest life expectancy rate...

https://www.theguardian.com/us-news/2025/nov/03/wealth-billionaires-increase-trump



Trump and GOP troll their supporters by flaunting their corruption and wealth on Halloween

https://www.youtube.com/watch?v=qtvf8IkWB_g









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