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Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further
Caught On Tape: California Billionaire Tax Architect Admits Wealth Confiscation Could Go Even Further
One of the co-authors of California’s controversial 'one-time' tax on billionaires appeared to suggest that the levy could extend beyond a single imposition.
Marxist economics professor Emmanuel Saez, who hails from France, made the comment during a Tuesday debate against economist Arthur Laffer at the University of California, Berkeley.
“I don’t think it’s going to be a one-time tax. Because you can’t surprise billionaires more than once,” Saez said. "Even then, maybe some of them were expecting something...
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May 2, 2026 / Tyler Durden
Berkshire Cash Hits A Record $397 Billion As Company Sells Most Stocks In 2 Years
Berkshire Cash Hits A Record $397 Billion As Company Sells Most Stocks In 2 Years
The head of Berkshire may be new, but nothing has changed in the business model.
In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported a record cash level, reflecting continuing difficulty finding investments...
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Apr 13, 2026 / Tyler Durden
Navy's Green Laundry Initiative Weakened A $15 Billion Carrier
Navy's Green Laundry Initiative Weakened A $15 Billion Carrier
Authored by Mike Fredenburg via The Epoch Times,
The $15 billion USS Ford was forced to cut short its deployment due to a 30-hour laundry fire that did millions of dollars in damage. And it has been revealed that even while it remained on station in the Gulf, Ford could not generate combat sorties for two days due to the raging 30-hour laundry fire that drove some 600 sailors out of their sleeping quarters. Thirty hours to get a laundry fire under...
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May 21, 2026 / Tyler Durden
Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands
Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands
A steady rebound in US equities driven by peak insanity in Korea (where the two chip stocks that account for most of the market surged and sent the Kospi soaring more than 8% overnight) faded after a report that Iran’s Supreme Leader issued a directive that the country’s near-weapons-grade uranium must remain in the country, rejecting Trump's key ceasefire demand, while oil and bond yields jumped as traders waited in mounting futility to see whether hopes of a peace...
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