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Americans Are Fed Up With Billionaire Rule | The Billionaire Bulletin #11

Today marks the 237th anniversary of Bastille Day, when French peasants launched a revolution against a ruling elite they saw as oppressive and out of touch. More than two centuries later, Americans may have more in common with those 18th-century French peasants than we might think. Just as French aristocrats lived in splendor while ordinary people starved, we are living through an unprecedented experiment in billionaire governance.

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STATEMENT: After Billionaires Fail to Kill Popular California Initiative, Newsom Offers Sham Alternative

Governor Gavin Newsom and a group of billionaires failed to remove a ballot measure supported by a majority of California’s voters that would impose a one-time 5% wealth tax on California billionaires. After unsuccessfully campaigning to kill the measure, Gov. Newsom put forth a nationwide tax proposal that falls far short of addressing the urgent crisis we face.

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Tax the Greedy Trillionaire | The Billionaire Bulletin #10

We’re switching up The Billionaire Bulletin this month for one important reason: SpaceX, Elon Musk’s rocket company, went public and he just became the world’s first trillionaire. This isn’t a milestone. It’s a five-alarm fire. The truth is, Musk’s new trillionaire status marks the beginning of one of the largest wealth transfers in human history.

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