Billionaires
A handful of very wealthy people want to give your children free money.On July 4, the nation’s 250th birthday, the federal government officially launched “Trump Accounts,” a new investment savings account for children.President Donald Trump celebrated the announcement on Monday by remotely ringing a ceremonial bell in the Oval Office…
Billionaires and CEOs are sleeping off any lingering holiday weekend hangovers and boarding their private jets to camp.The annual Allen & Co. Sun Valley Conference begins on Tuesday in Sun Valley, Idaho, marking the start of an invite-only summit known as the “summer camp for billionaires.”Between 300 and 350 aircraft…
Google cofounder Sergey Brin and John Doerr have donated a combined $94 million to undercut California's proposed billionaire tax. Peter Thiel has donated $3 million to a separate group.Getty ImagesA handful of California’s estimated 214 billionaires are trying to stop a proposed wealth tax.Google cofounder Sergey Brin, who moved assets…
California has a lot of billionaires, more than any other state and more than most countries. So a proposed wealth tax on its billionaires could be a windfall.Under the Billionaire Tax Act, California residents with a net worth of over $1 billion would face a one-time tax equal to 5%…
