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Billionaires

Fortress Yellowstone

Santarem, Brazil— The taxi judders uphill into a forest brimming with life. Palm fronds droop over the road like huge, oily hands, and green birds flap between trees. And then, abruptly, the forest ends, and we emerge onto a denuded plain where the sun beats down on road and car and red dust. I am here to see firsthand how the ultra-rich are remapping the Earth’s remaining wild places, deciding what is sacrificed and what is conserved and for whom.  For me, this road into the Brazilian Amazon began a few weeks prior and nearly 5,000 miles away, on a different dirt road through a sprawling Montana ranch. 

Movement To Create Unregulated ‘Billionaire Fiefdoms’ Gaining Momentum

The Trump Administration is supporting the development of privatized libertarian enclaves that are not subject to local or national laws where the wealthy can exploit land and peoples for profit. Known as the Network State Movement, many of these 'special economic free zones' already exist in the United States and around the world, but their backers, such as Peter Thiel of Palantir, are searching for a place to create the first private 'nation'. Clearing the FOG speaks with Dr. Beth Geglia, an anthropologist and documentarian who focuses on tech-futurist territorial movements, about the first zones, how Trump's Board of Peace is connected to the Network State Movement and the fight back.

US Attacks In Venezuela, Greenland Lay Groundwork For Billionaire Fiefdoms

On January 3, 2026, Tim Stern, a German investor, was sleeping peacefully at his Venezuela residence when the phone on his small bedside table suddenly went wild. As he explained to Timothy Allen of the “Free Cities Podcast,” calls streamed in immediately after news broke that the United States had bombed Caracas in the early hours of the morning. Within hours, it was clear that Venezuelan President Nicolás Maduro had been captured and was being sent to the United States — a change, Stern said in the podcast, that “is going to be the start of an absolute bonanza here in Venezuela.”

Oxfam Report Highlights How Billionaires Rig Politics

Oxfam’s latest global inequality report, released during the World Economic Forum in Davos on January 19, reveals how billionaires use their extreme wealth to keep profiteering and maintain an infrastructure of sympathetic politicians, media and bureaucracies in place. Resisting the Rule of the Rich. Protecting freedom from billionaire power found that, globally, billionaire wealth rose by more than 16% last year — reaching a record $18.3 trillion. One of the report’s more alarming statistics is that, last year, “billionaire wealth increased three times faster than the average annual rate over the previous five years”.

Billionaires Are Buying Your Hospitals

South African billionaire Johann Rupert has enjoyed a sudden surge in wealth. His expanding fortune, like those of billionaires around the world, is not a sign of brilliance or achievement. It is a symptom of a system built to funnel wealth upward into the hands of the 1%. Rupert’s net worth jumps from $13.7 billion to $19.1 billion in under a year, powered by sales of high-end jewelry through Richemont, the luxury goods holding company he founded. With his exploding profits he invests in hospital networks, viewing them simply as financial assets, not the essential services the rest of us — the 99% — need and have the right to. The headlines call it “performance,” but anyone living outside the 1% knows it is extraction.

The Seven Richest Billionaires Are All Media Barons

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

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

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

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?

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

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

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

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

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’

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.
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