Billionaires

The Seven Richest Billionaires Are All Media Barons

November 26, 2025 Alan MacLeod, MintPress News. Educate! Billionaires, Censorship, Israel, Media, Propaganda, Social Media, Zionism

Trump loyalist and CIA contractor Larry Ellison’s purchase of CNN appears imminent, and marks the latest venture into media for the world’s second-richest individual. But Ellison is not alone. Indeed, the world’s seven richest individuals are all now powerful media barons, controlling what the world sees, reads, and hears, marking a new chapter in oligarchical control over society and striking another blow at a free, independent press and diversity of opinion. Paramount Skydance– an Ellison-owned company– is in pole position to purchase Warner Brothers Discovery, a conglomerate that controls gigantic film and television studios, streaming services like HBO Max and Discovery+, franchises like DC Comics, and TV networks such as HBO, TNT, Discovery Channel, TLC, Food Network, and CNN.

The Truth About The ‘Gen Z’ March In Mexico

November 25, 2025 Kurt Hackbarth, Jacobin Magazine. Educate! Astroturf, Billionaires, Media, Mexico

A youth march with the notable absence of youth. A march against violence that ended with deliberately provoked violence. A nonpartisan march with one of its key proponents in the pay of the nation’s conservative party. A march inspired by imagery from the hit left-wing comic One Piece descending into a maelstrom of far-right hate. The contradictions surrounding Mexico’s so-called “Generation Z” march on November 15 — also known as the “15N protests and riots” — are abundant. Moreover, they provide an object lesson in the “franchise model” of international demonstration symbolism in which a domestic event is appropriated to suit the agenda of the franchisees.

Michigan Coalition Puts Billionaires On Notice

November 20, 2025 Drew Younker, People's World. Strategize! Billionaires, Education, Michigan, Public schools, Taxes

Lansing, Michigan - Corporate-backed lawyers descended on the state capital in late June in a frantic attempt to derail a popular ballot initiative that would tax the wealthiest Michiganders to fund the state’s starving public schools. The Invest in MI Kids campaign (with the MI pronounced like “my”), an evolution of the “Babies over Billionaires” movement, arrived at a Board of State Canvassers meeting to get its 100-word petition summary approved. The measure would levy a 5% tax on annual income over $500,000 for individuals and $1,000,000 for couples, directing the revenue exclusively to the State School Aid Fund.

Billionaire Wealth Concentration Is Even Worse Than You Imagine

October 4, 2025 Chuck Collins and Omar Ocampo, Inequality.org. Educate! Billionaires, Capitalism, Poverty, wealth inequality

The share of the U.S. wealth pie owned by the top 0.1 percent grew 59.6 percent from 1989 to 2024, according to an Institute for Policy Studies analysis of Federal Reserve data, while the share of the U.S. wealth pie owned by the bottom 50 percent of households has declined 26.1 percent, adjusted for inflation. This bottom half of households in America — 66 million of them — had $4.1 trillion all together at the end of 2024. The 905 billionaires in the United States hold a combined $7.8 trillion in wealth, according to Forbes data from September 29, 2025. This alarming narrowing of wealth has given those at the very top political influence and power that undermines our democracy.

Could A ‘Maximum Wage’ Combat Billionaire Power?

September 24, 2025 Celeste Pepitone-Nahas, In These Times. Create! Billionaires, Finance and the Economy, Maximum Wage, wealth inequality

In the first year of President Donald Trump’s second term, the power of the extremely wealthy over public policy has never been more evident. As Sen. Bernie Sanders (I-Vt.) has asserted, “Trump has… said it loudly and clearly: we are a government of billionaires.” The troubling extent to which we are ruled by the rich is hardly debatable. The real question is: what can we do about it? One solution that has been proposed in the past is implementing a “maximum wage.” Such a cap would limit the amount any individual can earn over a given period. There are a couple different ways that this limit could be accomplished. One way would be to use tax policy: We could simply levy a 100% tax rate on income over a particular level. President Franklin Delano Roosevelt proposed such a measure during his administration in the 1940s.

A Textbook Case Of How Tax Policy Fuels Obscene Wealth Accumulation

July 30, 2025 Bob Lord, Inequality.org. Educate! Billionaires, Jeff Bezos, Tax Avoidance, Taxes

The recent wedding of Jeff Bezos and Lauren Sánchez in Venice set off quite the furor over tax avoidance. An enormous banner in the Piazza San Marco put the matter plainly: “If you can rent Venice for your wedding, you can pay more tax.” That banner prompted a commentary from Phoebe Liu at Forbes on how much tax Bezos does indeed pay. For the year 2024, according to a Forbes estimate, Bezos paid about $2.7 billion in tax on the gain from his sale of $13.6 billion worth of Amazon stock. That stock — the heart of the Bezos fortune since he started Amazon in 1994 — originally cost him no more than $13,600.

Seattle Organizations Unite To Say ‘No!’ To Billionaire Bailout Bill

July 30, 2025 Fight Back! News. Organize! Austerity, Billionaires, Federal budget, Seattle, Trump Administration

Seattle, WA – On July 26, a crowd of over 100 gathered at Seattle Central College for a rally and community action fair organized by the south Seattle-based grassroots organization Seattle Against War (SAW). They were united by the need to stand up against the attacks on the working class and oppressed peoples embodied in Trump’s so-called “Big Beautiful Bill” – from stripping necessary social services to an unprecedented $170 billion budget increase to ICE and border patrol. The majority of the crowd were concerned Seattleites and new activists looking for ways to get involved, who, through the groups tabling at the event, were able to get directly connected to the struggle and help build organization vital to resisting the constant attacks by the repressive Trump administration.

The ‘Big Beautiful Bill’ Would Subsidize The Billionaire Private Jet Class

July 3, 2025 Chuck Collins, Inequality.org. Educate! Air Travel, Big Beautiful Bill, Billionaires, pollution, Private Jets, Study

The private jet lobby is pushing hard for a massive tax break for billionaires and centi-millionaires that use the most polluting form of transportation on the planet. Legislation rapidly moving through Congress, the so-called “Big Beautiful Bill” — really a Big Ugly Grift (BUG) — includes a massive tax subsidy for private jet buyers. Instead of corporations deducting the purchase of their jets over several years of their useful life, the BUG includes 100 percent “bonus depreciation” in the year of purchase. For example, a corporation purchasing a $50 million private jet could potentially deduct the entire $50 million from their taxes in the year of the purchase, rather than spreading the deduction over many years. This amounts to a massive taxpayer subsidy, as ordinary taxpayers pick up the tab for the private jet industry and billionaire high flyers.

Artist’s Prop Raps White House Greed, Grift, Gild, And Gaud

June 29, 2025 John Zangas, DC Media Group. Resist! Art, Billionaires, Donald Trump, Washington DC

Washington DC—An anonymous artist has set up untitled installation art near the U.S. Capitol revealing their interpretation of the state of the U.S. presidency. The prop consists of a golden gilded television, a golden gilded eagle atop it with its wings spread, and golden laurel, resting on a grey column. A plaque is attached to the column with a raised quotation from the White House itself: “In the United States of America you have the right to display your so-called “Art” no matter how ugly it is.” The TV screen projects a muted short television show consisting of a series of poorly edited clips depicting an oddly cumbersome Trump dancing at various events.

An Under-Reported Israel Angle To Corporate Effort To Muzzle ’60 Minutes’

May 4, 2025 James North, Mondoweiss. Educate! Billionaires, Censorship, Israel, Media, PBS

The corporate efforts to muzzle “60 Minutes,” the prestigious American television news program, have been publicly exposed by courageous members of its own staff. But mainstream U.S. media reports have underplayed one significant factor: the intense pro-Israel views of Shari Redstone, the billionaire heiress who is the controlling shareholder of Paramount, the CBS TV network’s parent company. Her views have mostly gone unreported, even though she is one of the most powerful media moguls in America, and someone who has already sharply criticized her own network’s coverage of Israel’s war on Gaza.

Why Oligarchs Want A Recession

April 8, 2025 Van Jackson, Labor Notes. Educate! Billionaires, Oligarchs, Privatization, Recession, Trump Administration

A recession is looming. Trump himself recently affirmed that his economic plans would induce a recession in the near term. He remarked when asked as much by an interviewer, “There is a period of transition because what we’re doing is very big.” And yet, before Trump crashed the stock market last week with his global tariff regime, America’s CEOs had the highest confidence in the U.S. economy that they’ve had in three years, according to a nationwide survey in the early weeks of the Trump administration. And Trump has simply been carrying out the promises he’s long made.

An Inequality Tale Of Two Capital Cities

March 11, 2025 Sam Pizzigati, Inequality.org. Educate! Billionaires, Class Struggle, Taxes, wealth inequality

Nine of the world’s ten wealthiest billionaires now call the United States home. The remaining one? He lives in France. And that one — Bernard Arnault, the 76-year-old who owns just about half the world’s largest maker of luxury goods — is now feeling some heat. What has Arnault and his fellow French deep pockets beginning to sweat? Lawmakers in France’s National Assembly have just given a green light to the world’s first significant tax on billionaire wealth. “The tax impunity of billionaires,” the measure’s prime sponsor, the Ecologist Party’s Eva Sas, exulted last month, “is over.”

Tesla Showroom Occupied By Activists In Clear Message To Elon Musk

March 3, 2025 The Canary. Resist! Billionaires, climate action, Elon Musk, London, Tesla, United Kingdom (UK)

Far-right miscreant Elon Musk got a taste of the opposition to him in London – as protesters occupied his Tesla showroom over his multiple crimes against people and planet. At midday on Saturday 1 March, the Tesla showroom in Westfield Shepherd’s Bush was disrupted by Climate Resistance protestors. A massive banner with the demand “Abolish billionaires” was dropped over the Tesla logo from a balcony above as a group of 30 staged a sit-in inside the showroom. The disruption took place as part of the new Abolish Billionaires campaign from campaign group Climate Resistance.

The World’s Richest People Look Out For Each Other

February 22, 2025 Pete Tucker, Fairness and Accuracy in Reporting. Educate! Billionaires, Elon Musk, Jeff Bezos, Media, Washington Post

The Washington Post won’t say why it cancelled a six-figure ad buy calling for Elon Musk to be fired, but it’s likely the same reason the Post insisted Musk wasn’t Nazi-saluting on Inauguration Day, and why the paper killed its endorsement of Kamala Harris: because that’s what Jeff Bezos wants. In addition to owning the Post, Bezos is the founder of Amazon and currently the world’s third-richest human. At best, the Post is a side-hustle for Bezos, while Amazon and his other business pursuits are what truly animate him. “With Jeff, it’s always only about business,” a former employee of Bezos’s space company, Blue Origin, told the Post.

A New Plan To Create A World Without Elon Musks

February 17, 2025 Sam Pizzigati, Inequality.org. Create! Billionaires, Class Struggle, Donald Trump, Elon Musk, Taxes

Americans these days don’t much like billionaires. Our ultra-rich, Americans overwhelmingly believe, aren’t paying enough in taxes. Polling earlier this month found that nearly three-quarters of the nation’s likeliest voters — 74 percent — feel billionaires are paying “too little’ at tax time. Just how concerned about billion-dollar fortunes have Americans become? Nearly half of us overall, Harris polling found last summer, would like to see a limit on “wealth accumulation.” Among Gen Z’ers, that support for limits on billionaire fortunes runs all the way up to 65 percent.

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