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Billionaires

New Campaign Targets The Wealthy’s Increasing Use Of Private Jets

As the climate crisis ravages the planet with wildfires, droughts and floods, the wealthy are using private jets, which spew carbon into the atmosphere, more and more frequently. Not only does this exacerbate the climate crisis, but it is putting a strain on air travel infrastructure. Through a powerful private jet lobby, the cost of private air travel has been shifted to those who use commercial airlines and taxpayers. Chuck Collins of the Program on Inequality and the Common Good at the Institute for Policy Studies, which recently launched its Tax Private Jet campaign, speaks with Clearing the FOG about the many reasons why we need to curtail private jet use and the growing movement to do that.

Chris Hedges Report: How The Epstein Network Is Privatizing Government

Under the radar, the billionaire class is building the infrastructure and models necessary to create a dystopian future in which cities become billionaire fiefdoms - completely privatized, governed by dictatorial CEOs and financed by subservient taxpayers. The buildout of data centers is one essential part of the effort to construct a totalitarian capitalist society, which is already advancing. In this episode of The Chris Hedges Report, Hedges interviews investigative journalist Whitney Webb, the author of “One Nation Under Blackmail,” who unravels the complex relationships between elected leaders, the National Security State, the state of Israel and Big Tech.

Mexico’s 99% Demanded Justice By Showing FIFA, Billionaires, And Corporations A Red Card

The World Cup came home. For weeks, Mexico stood at the center of the world, carried there by the most beautiful and passionate game on earth. Millions of Mexicans took to the streets, filled public squares, improvised screens, and celebrated with strangers as if we had known each other all our lives. Isn’t that, in the end, the dream of any community? To meet without explanations, to share emotion with someone who wears different colors, lives in another neighborhood, or thinks differently?  Celebration suspends, for a moment, the logic of productivity. It hands back something a predatory system has taken from us: shared time.

Where Is Massachusetts’ Millionaire Exodus?

“Tax me all you want. I’m out.”  In an interview with The Boston Globe, hedge-fund manager Paul Krager ominously predicted that the Massachusetts Fair Share Amendment—a four percent surtax on incomes above $1,000,0000—could “destroy the best city [Boston] and the best state in America.” He predicted that CEOs, corporations, and wealthy residents would all flee to more tax competitive states like Texas, Florida, and New Hampshire. His words echo other critics’ portrayal of a “Millionaire Exodus” where wealthy U.S. nationals renounce their citizenship to escape paying taxes. 

Meet Our New Private Jet Tracking Initiative

After nearly two decades of tracking the American private jet industry here at the Institute for Policy Studies, we are formally launching the Private Jet Accountability Project with a Tax Private Jets campaign during the final games of the 2026 FIFA World Cup. IPS has been tracking the emissions impact of mega-events, such as the Super Bowl and Davos for many years. But this year’s World Cup might be the biggest of these events yet, starkly illustrated by FIFA Chief Gianni Infantino burning up the atmosphere with multiple jet flights a day, when he isn’t busy nakedly overturning onfield decisions for his favorite president. (Perhaps he even made that call at 50,000 feet.)

A Tiny BC Farming Town’s Fight Against Billionaire Speculators

The purchase of dozens of farm properties by two U.S. billionaires has prompted a small B.C. community to call for restrictions on foreign ownership of agricultural land.The beloved annual celebration of Japanese Canadian culture returns to Oppenheimer Park to mark a milestone anniversary. Since 2008, a company co-owned by American billionaires Bobby Patton Jr. and Mark Walter has bought 25 properties in Dunster, an unincorporated community of approximately 240 people located 40 minutes north of Valemount. The properties, which were bought through a company registered in Canada called Fraser River Landholdings Ltd., include 16 homes, almost all of which are now vacant.

Most Of The World’s Wealth Belongs To All Of Us

Let’s consider a fact so stark it barely registers: the world’s five richest billionaires have more than doubled their wealth since 2020. Meanwhile, 60 percent of humanity has grown poorer over the same period. At current trajectories, we will see the world’s first trillionaire within a decade. We have grown so accustomed to statistics like these that they have lost their capacity to shock. But they should shock us. Extreme inequality of this magnitude — the richest one percent owning 43 percent of all global financial assets, while emitting as much carbon pollution as the poorest two-thirds of humanity — is not merely an unfortunate side effect of an otherwise functioning system.

Albania ‘Flamingo Revolution’ Protests Gain Pace

Protests against a luxury resort being built on vital wetlands in Albania are now well into their third week – and they’ve attracted the ire of Albanian PM Edi Rama. He denounced the opponents of the Trump-family-linked project as exhibiting a “fascist mentality”, and denied the building works’ massive environmental impacts. On 3 June, the Canary reported on the anger against building works in the Vjosa-Narta protected landscape and the island of Sazan. At the time, the protests had lasted for three days. Now, however, the so-called ‘Flamingo Revolution’ has built momentum into a wider critique of Rama’s leadership.

Protesters Tear Down Albanian Development Site Fences

Some 200 protesters on Saturday tore down metal and razor wire fences surrounding a ‌luxury development site on Albania's Adriatic coast, in another ‌sign of growing anger against construction in environmentally sensitive areas. Albanians have been protesting for ​weeks against a planned luxury resort backed by a company linked to Jared Kushner, the son-in-law of U.S. President Donald Trump, near Vlora, which is famed for its flamingos and a turtle nesting ‌site. On Saturday, villagers from ⁠Rrjoll, located in an area of sandy beaches and pine forests in northwestern Albania, protested against another ⁠project not linked to Kushner, saying it was being built on their confiscated land.

Protests Tell Megarich: Albania Not For Sale!

A major coastal development project on the protected island of Sazan and the Zvërnec Peninsula — spearheaded by Affinity Partners, an investment firm linked to President Donald Trump’s son-in-law, Jared Kushner, and daughter Ivanka Trump — has sparked daily waves of widespread protests in Tirana, the capital. More than 6,000 elaborate villas and accompanying luxury infrastructure for the superrich are projected. The developers estimate the enormous project will exceed €4 billion ($4.6 billion). (tinyurl.com/vc3cx4ft)  The mass demonstrations and the government repression, caught on videos of bulldozers, barbed-wire fences and security guards dragging protesters across the sand, may have a far-reaching impact. 

Like Midas, Our Rulers Want To Monetise Everything They Touch

I am old enough to remember the fall of the Berlin Wall, and the wave of excitement it unleashed. With the Soviet Union consigned to the history books, the world was going to become a better, safer place. Liberals crowed that the West’s superior, democratic values had won out. Intellectuals like Francis Fukuyama wrote about the “end of history”: the triumph of free-market capitalism and a resolution of ideological struggle. Nearly half a century on, the celebratory mood of that time looks not just misplaced but positively deluded.

Jeffrey Epstein, The Russian Mob, And The Maxwells’ Hidden Assets

The release of the Epstein Files has shocked the public with unimaginable stories of the pedophilia, exploitation of women and brash depravity of the ruling class. While these stories have been the major source of public outrage, a deeper dive into the Epstein Files reveals the inside world of how the billionaire class operates to control information and collude with each other - hide their crimes and gain massive wealth at the expense of the working class. In this episode, Chris Hedges speaks with Maureen Tkacik, an investigative journalist who has studied and written about the Epstein Files for The American Prospect and The Nation.

Union Coalition Brings ‘Billionaires Tax’ Proposal To Illinois

Chicago - The “billionaires tax” idea, which has been gaining support in several states—including Washington state, where it’s now law—has come to Illinois, courtesy Chicago-area unions. After a morning press conference in Chicago, busloads of members of the Chicago Teachers Union, SEIU Healthcare Illinois, Cook County College Teachers Union Local 1600, SEIU Local 73, the Illinois Federation of Teachers, Warehouse Workers for Justice, and assorted progressive Chicago-area community groups descended on the state capital of Springfield.

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.
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