As a campaign season in which dozens of progressive candidates endorsed by US Sen. Bernie Sanders prevailed in primaries, the independent Vermont lawmaker urged his supporters across the country to “do all we can to bring out the vote to end Republican control of Congress,” while urging voters to look beyond the goal of reining in President Donald Trump. “If the pundits are correct and…
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California voters will soon decide whether to tax billionaires — but even if a majority says yes, the measure could still lose to either of two billionaire-funded measures designed to cancel it out. The billionaire-backed group Building a Better California designed two countermeasures to undermine the wealth tax and create multiple ways to defeat it. Recent polling shows slim majorities…
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Google co-founder Sergey Brin, one of the richest men in the world, has spent more than $100 million backing a group seeking to stop a popular California ballot initiative that would impose a one-time tax on the wealth of the state’s billionaires. New filings reported by The Los Angeles Times detail Brin’s role in funding Building a Better California, which is pushing two ballot measures that…
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The idea of a universal basic income has been around for decades, but it is now growing in popularity as artificial intelligence threatens to make our economic future under neoliberal capitalism even more precarious. Yet, no one would argue that a universal basic income is a panacea to capitalism’s evils. Moreover, there are different proposals for implementing a universal basic income…
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California Gov. Gavin Newsom, considered by some to be the frontrunner to be the next Democratic presidential nominee, said during a panel on Wednesday that he wants his party to be a “big tent” that welcomes large numbers of people into the fold. But he’s “adamantly against” one of the most popular proposals Democrats have to offer: a wealth tax. In October…
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At a time when Democratic voters are demanding new, antiestablishment leaders, the Democratic Party’s power brokers are pushing a 77-year-old candidate for a key 2026 Senate race who’s spent the past six years as governor vetoing collective bargaining rights for workers, tax increases on the wealthy, renter protections, and tribal sovereignty protections, according to a Lever review.
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