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Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal

Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal Coinbase CEO Brian Armstrong could be the next Silicon Valley billionaire to flee California over a union-backed, draconian wealth tax scheme that critics slam as a radical wealth grab. “I think it’s deeply un-American to seize people’s assets. It might be unconstitutional,” Armstrong, who has an estimated net worth of $8.8 billion, said of the proposal during an interview on the “The Katie Miller Podcast.” “It’s against my values, I would say. I think it’s bad for the state and...
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Jun 25, 2026 / Per Bylund
Intellectual Property versus the Unrealized
The common belief is that intellectual property rights must be in place, otherwise, entrepreneurs would be reluctant to face uncertain profitability. Well, entrepreneurs already face uncertainty and act, anyway.
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Sep 25, 2026 / Tyler Durden
UMich Consumer Confidence Slides In September As Republicans Lose Faith
UMich Consumer Confidence Slides In September As Republicans Lose Faith After July's rebound to pre-war levels, a re-escalation in the MidEast (and soaring fuel costs) has sent confidence back towards YTD lows. Today's final September data was expected to show UMich headline sentiment sliding further (and inflation expectations re-accelerating). And while sentiment is lower overall (month to month), it did actually pick up modestly intra-month from preliminary levels. Consumer sentiment ticked down less than four index points in September, reaching the lowest reading in four months and back down notably from January...
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Jul 19, 2026 / Jason Ditz
Escalations in Southwest Syria as Israel Raids Quneitra, Daraa Governorates
Israeli forces are launching more and more incursions into southwest Syria in recent days. Having launched about 450 incursions during all of 2025, that number has been met and nearly exceeded already in 2026, despite the year being barely half over. Multiple new raids were reported again this weekend across both Quneitra and Daraa Governorates. […]
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