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Voters upheld Washington state’s ‘millionaires tax.’ Will courts do the same?
SEATTLE — Washington’s new income tax on high earners has survived a repeal effort at the ballot box by a wide margin. But the 9.9% tax on household incomes above
When you tell business owners you're gonna change things for them, they're forced to change, too: Marcus Lemonis
Entrepreneur Marcus Lemonis discusses voters' feelings about their finances and taxing millionaires following the midterm elections on 'Fox & Friends.'
Unfair NIL: Millionaire Quarterbacks, Broke Linemen
New data shows the massive pay gap between college football positions. Quarterbacks earn six figures while linemen struggle to buy socks.
WA ‘millionaires tax’ is upheld as Initiative 645 fails
An effort to repeal Washington's 'millionaires tax' has failed, with voters rejecting Initiative 645, which sought to repeal it.
Science Meets the Supernatural in First Look at Horror Movie ‘The Temple’
An orphaned millionaire turns to science to communicate with his dead parents in the first look image for The Temple, which has recently wrapped
Self-Made Millionaire Says Buying GTA 6 Saves You $5,000
British self-made millionaire, entrepreneur, and social media educator Mark Tilbury put out a video giving the most sound financial advice of 2026: buy GTA 6. According to him, it’ll save you a big chunk of change.
10 cities with the most millionaire renters
As companies head South, they're bringing their workers with them. It's fueling a surge in millionaire renters across several Southern cities.
Is the WA ‘millionaires tax’ really coming for public pensions?
SEATTLE — When you think about the mansion- and yacht-owning millionaire crowd, retired schoolteachers don't typically leap to mind. Nevertheless, foes of Washington's new high-earner income tax are making a
Sports Investing Is for Millionaires Now, not Billionaires
Plus, oil’s up and everything else is down.
$42 million Purdue donor wants support for Black and Hispanic students
McDonald's millionaire and Purdue alum Roland Parrish says, \
‘This is disgusting’: Nebraska’s independent Senate candidate rips dark money in politics
Democrats are hoping to whittle away at the Republican Senate majority in unexpectedly vulnerable red states like Nebraska. Incumbent Senator Pete Ricketts, a multimillionaire former governor, is defending his seat against independent challenger Dan Osborn, a Navy veteran and industrial mechanic. Osborn says he wants Congress to take back its power, end the war in Iran, lower fuel costs, so we “can worry about little league and bake sales.”
Ohio millionaire Emil Barr reveals why he suddenly shelved plans to move to San Francisco
Why Microsoft and others are on the sidelines of WA ‘millionaires tax’ fight
Washington biggest private employers, including Microsoft, are neutral in the "millionaires tax" debate as they concentrate on warding off other taxes.
This Economist Studied Millions of Business Owners. He Uncovered the Surprising Way Everyday Americans Actually Get Wealthy
Owen Zidar, co-author of the book founders can’t stop talking about, "The Everywhere Millionaire," sat down with Inc. to mine the largest-ever dataset on entrepreneurs.
Will Dems expand WA’s ‘millionaires tax’? Some are talking about it
Supporters of WA's 'millionaires tax' insist it's not a Trojan horse for a broader state income tax, But some prominent Democrats have gone off script.
WA ‘millionaires tax’ debate pits budget needs against fears of taxes for all
Despite some heated exchanges and dire forecasts of budget holes and secret tax plans, neither side in the fight over Washington’s new "millionaires tax" landed a knockout blow Thursday night in a Seattle Times-KING 5 debate on a voter initiative...
7 US multimillionaire donors gave $189 million to universities in 2026, far more than Africa’s 23 billionaires publicly gave to science and research
Africa’s universities and research institutions continue to operate with far less funding than those in developed economies, even as several of the continent’s richest individuals have added billions of dollars to their fortunes in 2026
Will Washington’s ‘millionaire tax’ drive people away? Business owners and lawmakers disagree
Supporters say the tax is needed to help fund education, tax credits for businesses and families, and other public programs. Opponents argue it could drive entrepreneurs, investors, and employers out of Washington.
Everywhere Millionaires: The Overlooked Main Street Businesses Behind America’s Economy
Explore “Everywhere Millionaires” and how Main Street business owners in construction, logistics, and food service may build enterprise value over time.
Poll: Voting to repeal WA 'millionaires tax' hinges on ballot details
A new poll suggests an initiative to repeal Washington's new high-earners tax is trailing badly, influenced by ballot language that discloses its budget impact.
Washington Taxed Its Millionaires. Now the Rich Want It Repealed.
Washington State voters will get a chance to accept or reject the 9.9 percent income tax on millionaires approved by the Legislature, which broke the state’s taboo against levying income taxes.
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
The millennial lost it all, before making millions again by 27. 'Go hug your money' is Tim Armoo's advice for founders who feel empty after selling.
Trump attacks WA 'millionaires tax' as he endorses GOP candidate
President Donald Trump reiterated his "complete and total endorsement" for U.S. Rep. Michael Baumgartner in a video posted on Truth Social.
America has more millionaires than you think. Here's how most of them got rich.
Fairer taxes or ‘slippery slope’? 7 Washingtonians weigh in on the 'millionaires tax'
We talked with seven Washingtonians about the state's new income tax on high earners and the effort to repeal it on the November ballot.
The powerful millionaires hiding in plain sight
They own car dealerships, law firms, dental practices, and restaurant chains. Collectively, these overlooked business owners hold far more wealth than the Forbes 400 — and wield considerable political power.
The powerful millionaires hiding in plain sight
They own car dealerships, law firms, dental practices, and restaurant chains. Collectively, these overlooked business owners hold far more wealth than the Forbes 400 — and wield considerable political power.
MORNING BUSINESS REPORT: Record number of 401(K) millionaires, colleges facing enrollment cliff
Jane King has these stories and more for your Tuesday Morning Business Report from the New York Stock Exchange.
31-year-old millionaire has zero sympathy for unemployed Gen Z’s ‘excuses’—he says ‘it is scarily easy’ to build a business and get rich right now
As AI kills entry-level jobs, multimillionaire Timothy Armoo has a blunt message for unemployed Gen Zers: stop making excuses and start building.
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Dolly Parton's philanthropy was based on 'her belief in the goodness of people'
The music legend and multimillionaire businesswoman used her wealth for good
Jennifer Garner cofounded a $732 million business at 45, and says her age came with perks: ‘I’m blissfully not motivated by needing to be in charge’
Millionaire actress Jennifer Garner became a cofounder after two decades in Hollywood success, and says she had one big advantage over younger founders.
Steam meme game made in days almost turns teen into a millionaire
Even after refunds, a surprising number of people kept the expensive game on Valve's platform
Millionaire tax is good for Maine businesses, good for Maine
By raising revenue to help people meet basic needs, we give them a better chance of remaining in their jobs and communities.
If Not AOC, Then Who?
What do we do if Alexandria Ocasio-Cortez decides not to run for president in 2028? It makes sense that many leftists are currently focused on calling on her to take the plunge. But the absence of a Plan B, or even much discussion about one, is worrisome. The US Left can’t afford to sit out the 2028 Democratic primary. Doing so in 2024 was a disaster: our abstention self-marginalized anti-billionaire politics from the national conversation and thereby gave space for Harris to pivot to the “center” (i.e. the policy preferences of corporate donors, establishment hacks, and AIPAC). Abstaining again in 2028 would be especially counterproductive since democratic socialists now have so much wind in our sails after our big electoral wins in NYC and across the country. It’s time to deepen our momentum, organization, and profile — not to retreat to the margins during America’s single most important political battle. Even more urgently, keeping Trump’s heir out of the White House may depend on whether leftists and the party’s unprecedentedly disenchanted base can force the Democrats in 2028 to take meaningful steps towards a very angry electorate and away from the corporate-consultant blob that has helped get us into this mess. If AOC (or Abdul El-Sayed) decides to run, we should enthusiastically go all in — DSA, fighting unions, progressive organizations, anybody who wants to see a better country and world. But, as far as I can tell from the outside, there’s a real chance that she doesn’t run. And we can’t just wait and see where she lands before discussing alternatives, since AOC’s decision might not come for quite a while, giving us little time to scramble at the last minute for an alternative. So we should start working now on getting a Plan B into motion, and recruiting a good candidate for the role. Here’s one idea. A Worker Candidate — Healthcare Not Warfare 2028 Run a union worker Leftists don’t need to always run experienced, well-known socialist politicians for high-profile contests. Lula, the current president of Brazil, began his political career as a metalworker militant who ran for governor of São Paulo in 1982. Especially in an era of institutional distrust, it’s possible to lean hard into making a virtue out of a working-class comrade’s distance from traditional politics. Experience abroad shows this clearly. Rachel Kéké — an immigrant hotel housekeeper — ran as the candidate of the leftist La France Insoumise for the National Assembly in 2022, defeating a former minister in the Macron government. The Belgian Workers’ Party in 2024 won its first Flemish seat in the European Parliament by running Rudi Kennes, a three-decade veteran of the Opel Antwerp auto factory. And the South Korean left in 2024 elected auto factory militant Yoon Jong-oh to the National Assembly. If a tiny French Trotskyist organization could make such a big splash in 2002 and 2007 by running a well-spoken postal worker cadre for office — the LCR’s Olivier Besancenot received about 1.5 million first-round votes — it’s not far-fetched to expect that a much larger organization like DSA, together with a broader coalition of the willing, could run this playbook to much greater effect. This is especially the case now that almost everything DSA does immediately becomes a national news story. We don’t need someone famous. We just need a charismatic, well-vetted comrade who works in a relatable working-class occupation — e.g. a nurse, or a worker in auto or construction, or at Amazon. Ideally, they have a compelling personal story or have been part of a significant strike or organizing campaign, but even those criteria don’t necessarily have to be deal-breakers. The main lesson of the Graham Platner fiasco isn’t that we should never run outsiders for office (the momentum he generated proves the exact opposite), but that they need proper vetting and roots in democratic membership organizations like DSA or a union. In any case, there are plenty of ways to signal working-class authenticity without resorting to Platner’s or Fetterman’s performative macho white dude affect. Better to have someone of any gender or race who is actually working class, with firm socialist politics, who can speak from experience about the day-to-day realities of trying to make it in America. There are surely at least a dozen such worker leaders in our movement nationwide; we just need to sit down and convince one that their personal sacrifice for the greater good (i.e. running for president) will be worth it. If we don’t have a frontrunner with a clear path to victory like AOC (or El-Sayed, were he to win Michigan), it’s better to embrace someone whose decision to run in itself tells an important story about US politics: workers have been iced out of our political system and are now fighting hard to break back in. The novelty factor, in itself, would generate press. And it would help democratic socialists signal to the American public that our movement’s defining characteristic is that we represent workers vs. bosses, not that we’re “the furthest left” force in American politics — a framework that suggests we’re extremists and that helps our opponents isolate us from non-college-educated voters by highlighting extremely minoritarian (and misguided) stances included in DSA’s platform like prison abolition. We don’t get many opportunities to speak to tens of millions of Americans; we need to use these opportunities to broaden our appeal beyond those already in our orbit. Run to polarize the 2028 primary and general election around “Medicare for All” and “End All Aid to Israel” Why should democratic socialists use our scarce time and volunteer energy to run in a race we’re unlikely to win? Running in the 2028 primary will not only recruit us scores of members (imagine having a DSA member intervening in eleven nationally televised primary debates!), but — more importantly — it has the potential to be a decisive leap forward towards an America that finally starts meeting the needs of working people instead of HMO and AIPAC billionaire donors. Polarizing litmus tests are good, actually — as long as they’re fought for around popular demands in a thoughtful and strategic way. Democratic socialists have an opportunity and responsibility to make the 2028 primary about two of the most widely and deeply felt issues of our moment: domestically, America’s unaffordable, family-breaking private healthcare system; internationally, America’s bankrolling of the genocidal Israeli government. A candidacy relentlessly demanding Medicare for All and No Aid to Israel would pose a sharp question to the American public, the Democratic Party, and other 2028 contenders: Why can’t working-class Americans afford their healthcare bills at the same time that our government is spending at least $3.8 billion yearly to fund an Israeli regime eager to keep dragging us and the world into more forever wars? Our candidate can agitate around a clear message: I’m running to give voice to all those working-class Americans who are struggling to get by. No matter what state you live in, who you voted for in 2024, or your background, it’s just plain common sense that we should make healthcare more affordable instead of spending billions to enable the Israeli government’s crimes against humanity. Every American who agrees with me when I say ‘Medicare for All — Not a Dime for Israel’ should make their voice heard through our campaign. Racking up a high number of votes for this agenda is a crucial way to show the Democratic Party and the country as a whole that we can’t keep supporting a life-destroying status quo in our healthcare system and in the Middle East. If we want to defeat Trump’s handpicked crony this coming November, we need to speak to ordinary people’s frustrations with the status quo — we can’t keep running the same tired establishment playbook and expecting a different result. For those highly engaged voters (or skeptical media pundits) who raise concerns about wasting votes, the candidate can take the time to explain why this isn’t the case: It's true I'm a long shot. But Zohran showed anything can happen — and voting for me is a pragmatic decision, not a wasted vote. In a heavily divided primary with a large number of candidates and a very discredited establishment, my campaign and the democratic socialist movement I’m part of are positioned to be the balance of power if we can get a large enough number of voters to loudly demand Healthcare Not Warfare. Since there’s a high chance no candidate will get to 50% in the 2028 primaries, the Democrats could very well be heading towards a brokered convention, where a disciplined, principled current committed to breaking from corporate donors can play an outsized role in making sure whoever ends up with the nomination raises the banner of single-payer healthcare and cutting aid to Israel. How exactly could running this sort of primary campaign be translated into actual leverage? The candidate replies: I’m aiming to win the nomination, but if I don’t achieve that goal, my delegates and I will pledge our support in the primary only for a candidate who agrees in the general election to call for ending US aid to Israel and establishing Medicare for All at home. These are both winning planks for November against the Republicans, and the only reason I can see that other candidates haven’t yet raised these is that they’re still more scared of the donor class than they are of the people. That needs to change. If Democratic leaders want young people, workers, and those sick of the status quo to show up in big numbers this November, they need to meet us halfway. In this way, whether or not we win the nomination, democratic socialists could still play a decisive role in 2028. The approach outlined here is similar to what radical left parties periodically do in parliamentary democracies like Denmark or Sweden when they find themselves as a junior partner electorally: they dictate to center-left allies what their terms would be for enabling, from the outside, the formation of a new government. Running a Healthcare Not Warfare candidate will make it significantly more likely that the 2028 Democratic candidate stands with ordinary people instead of donors on these two pivotal planks — a shift that will, in turn, make it easier to achieve the existentially important task of defeating MAGA’s heir in November. Look at how much popular traction the Uncommitted movement got with a similar strategy in 2024 with so little on-the-ground organization — surely we can go much further with a working-class candidate, a much bigger DSA, and a Democratic Party base that has turned against Israel, billionaires, and the hacks in the party who prop them up. Objections and Responses There are quite a few objections to this proposal, many of which are very reasonable. Let me briefly address each here. Socialists shouldn’t waste their scarce time and resources on a candidate unlikely to win. This is a good rule in general, but there are important exceptions, and presidential elections are the main one. There’s no other political contest that gets anything like this level of attention and engagement in the US, so if you want to be a serious force in nationwide politics, you basically can’t afford not to have a candidate. Far from being an overall drain on our resources, running a dynamic 2028 campaign would likely result in a major net increase in members and capacity. In that spirit, the very pragmatic Milwaukee sewer socialists — who mostly ran to win at home in Wisconsin — supported Eugene Debs’s propagandistic presidential campaigns, which they correctly saw as a crucial means of recruiting to the Socialist Party. And now that the (post-1972) Democratic Party gives more weight to voters than party operatives in determining its presidential nomination, it’s become feasible to run as a socialist in primaries without risking a split in the vote against the Republicans in November. We should just support Ro Khanna, who also supports M4A and ending aid to Israel. I like Ro Khanna and would enthusiastically vote and canvass for him for president were he to get the nomination. But there’s a real chance that Khanna’s bid for office doesn’t catch on; he lacks the grassroots organizational apparatus of DSA, and, because he’s not really of the Left or labor (despite his current very good positions), he’s unlikely to generate the type of buy-in and enthusiasm that a DSA candidate would. Moreover, Khanna would be running as an individual, not as someone emerging from and building an organized movement — his campaign would not likely focus on building sustained power from below, nor would it likely polarize the 2028 primary around M4A and Israel aid. Also, and not inconsequentially, the poor electoral results for Tom Steyer and Saikat Chakrabarti this spring suggest that there’s perhaps not much of a popular appetite in the Democrats’ base to support multi-millionaire class traitors. Much better, then, to run a democratic socialist worker. If by Super Tuesday it’s clear that our campaign has captured the main left lane in the primary, Khanna should drop out and endorse us; conversely, if he’s managed to capture this lane, DSA could at that point transform its Healthcare Not Warfare campaign into an independent campaign to elect Ro Khanna focused on winning (and holding him accountable to) those two critical planks. An openness to consolidating an anti-corporate candidate by Super Tuesday is a necessary component of the strategy I’m proposing, because otherwise we risk splitting the primary votes (per DNC rules, you need at least 15% to get any delegates to convention). We should convince Shawn Fain or Sara Nelson to run for president instead. I agree it’d be great if either ran for president, but my impression is that there’s basically no chance that will happen in 2028, because both are firmly focused on their union leadership duties (and, in the case of Fain, beating back a federal witch-hunt). This plan could have DSA end up endorsing a non-socialist, non-DSAer for president. That’s against our principles. It’s a myth, and bad politics, that socialists can’t ever support candidates who aren’t members of their organization and/or who don’t call themselves socialists. Bernie, after all, was not a DSAer. And socialists abroad regularly make tactical decisions about if and when supporting a non-socialist candidate makes sense from the standpoint of promoting working-class interests, defending democracy, and building a socialist current in the process. If your “principles” prevent you and DSA from helping achieve the momentous stride forward of having a Democratic candidate in 2028 run on Medicare for All and ending aid to Israel, those “principles” are not very good. In fact, they actively undermine the causes they’re aiming to support. We shouldn’t confuse principles (working-class independence) with tactics (the best way to advance this in a given context). In my recent article in Catalyst on Milwaukee sewer socialism (I’ve uploaded the full text here), I have a section showing how similarly rigid rules about endorsements had to be eventually discarded in the old Socialist Party nationwide after WWI because they tended to lead socialists towards a sectarian abstention from broader anti-corporate electoral insurgencies beyond their party’s control. For what it’s worth, Lenin’s current under Tsarism frequently backed bourgeois candidates in the second round of elections and Lenin himself advocated that British Communists support Labour Party candidates; for his part, Kautsky in 1912 defended the German Social Democracy’s electoral pact with the Progressives in the runoffs. If our predecessors could be that tactically flexible in an era before the limits of their underlying strategic assumptions about intransigent class politics in capitalist democracies were made clear, then there’s no need to insist on being more tactically rigid today, after a century’s worth of accumulated experience. As long as you maintain your own political profile and organization while engaging in broader coalitional efforts, there’s zero inherent contradiction with the principle of political independence. More specifically: DSA and allied organizations should enthusiastically back Michigan’s Abdul El-Sayed if AOC declines to run and he throws his hat in the presidential ring. (I have no idea whether he’s even considering this path, but there’ll surely be chatter about it if he wins his Senate race this November.) Though he doesn’t call himself a socialist, El-Sayed is a principled Berniecrat, a consistent fighter for Palestine, and would have a clear path to victory. Using the “s” word is far less important than whether a campaign fights for the interests of working people at home and abroad — and whether actively participating in it can grow the organized working class and the Left. And the same holds true if a less anti-corporate candidate were, under pressure, to adopt our two Healthcare Not Warfare planks. Why focus only on M4A and ending US aid to Israel? There are so many other important issues to fight for! Obviously there are many pivotal issues beyond healthcare and Israel, and our candidate — and especially our organizations involved in the campaign — should be prepared to speak on all of these. But one of the crucial lessons of the Zohran campaign is that you have to relentlessly stay on message if you want to cut through the noise. CNN and Fox News will want to talk about DSA’s views on Venezuela and abolishing the police; we need to polarize the debate on the widely and deeply felt issues that are most favorable for growing the Left, isolating our opponents, and winning urgently needed changes. One recent poll found 63% of Americans support M4A, even after respondents were told it would raise taxes and eliminate most private insurance. Another found that 74% of Democrats opposed “providing additional economic and military support to Israel.” And focusing on two demands sets the campaign up to be able to leverage its mandate to make clear demands upon other candidates (which we can’t do if we run with a laundry list of demands). Talking about a Plan B is a distraction from the more urgent work of building a groundswell of calls on AOC to run. It’s good for DSAers, fightback unionists, and progressive organizations to try to convince AOC to run. This proposal is meant as an addendum to pushes to get AOC to run and to line DSA up for that eventuality, not as a substitute for those efforts. But I’m worried that, like in 2024, we might eventually find ourselves with no time to find a viable alternative unless we start now. DSA, with its abundant deliberative processes, moves slowly. The approach you’re suggesting seems risky. If a DSA candidate runs but doesn’t receive a lot of votes, it’ll undercut our current national momentum. This is a reasonable worry. All big initiatives always carry risks, and the path I’m advocating is certainly not free of these. That said, if a Healthcare Not Warfare campaign doesn’t catch on like we envisioned, it’s a pretty simple pivot in March 2028 to explain that in the future we really need our standard-bearers like AOC, or our growing bench of national electeds, to step up in presidential primaries. Moreover, it’s worth noting that the risk of my Plan B proposal is on the whole significantly less than the risk entailed by an AOC run. We should all back her if she runs, since she’d fire up the base, provide huge openings for organizing, have a real shot at defeating a Republican (especially given MAGA’s unpopularity), be a great standard-bearer for our issues, particularly M4A and ending aid to Israel, and be less willing than mainstream candidates to capitulate to any anti-democratic machinations from Trump and co. But it’s also true that AOC could lose, which would be a devastating setback to the country and the Left. Or she could win and find herself unable to pass much, if any, of her (and our) program, a demoralizing prospect. So if we’re willing to take these risks with AOC (and we should), it follows that we should be able to take lower-level risks if she doesn’t throw her hat in the ring. What’s Your Plan B? The US Left is facing its biggest opening for growth and influence since the 1930s. Initiatives that would have been impossible a few months ago are now potentially feasible. A President AOC is now easier to imagine, but if she ultimately assesses that the risks aren’t worth the potential reward in 2028, we can’t be left flat-footed. So even if you’re not convinced by the specifics of my Plan B, I hope you can at least agree that it’d be a disaster for us not to have one — and not to start getting a Plan B into motion. Hopefully other organizers and political currents will put forward their responses and alternative ideas ASAP. The stakes are too high to just wait and see. More As always, please share this article widely. This newsletter depends on all you lovely people to get the word out. Thank you! I uploaded the full text of my Catalyst article on Milwaukee sewer socialism here (it’s updated and 3x as long as the version published earlier on this substack). If you haven’t yet, please make sure to subscribe to Catalyst here; I read every issue front to back, highly recommend. 🌹🎵 Ivan Lins (arranged by Arthur Verocai) — “General da Banda” 🌹🎵
Want to Be a Millionaire? Don’t Start a Business. Run for Congress.
The U.S. needs legislation to stop members of Congress from getting rich over the course of decades in office, Brian Hamilton writes.
WA ‘millionaires tax’ critics target Jamie Pedersen with mailers
Conservative donors including Brian Heywood are targeting Senate Majority Leader Jamie Pedersen with new mailers over his role in the 'millionaires tax.'
Reds CEO Hogan on potential investor Bhatia
With Liverpool stating that they have more than 26 million supporters in the USA, there is little surprise over why the Reds chose America as the destination for their pre-season tour. This has been quite the summer for football here and Billy Hogan, CEO of Liverpool and Fenway Sports Group (FSG), insists the aim is to build on that after what has been a "super difficult year" for the club "for lots of different reasons". Last week, FSG, which owns Liverpool, confirmed that a consortium led by Amit Bhatia, a British-Indian millionaire businessman, was in talks over a strategic minority investment in the club.
He Sold His HVAC Business and Trucks in One Year. Two Years Later, Medicare Billed Him Like a Millionaire.
An HVAC contractor sold his business, paid his taxes, and booked a trip to Portugal. Two years later, Medicare sent him a premium notice sized for someone still running a seven-figure operation, and the clock to fight it was already running.
Ben Affleck opens up about McDonald’s eating habits: ‘All the time’
Ben Affleck has admitted that he eats at McDonald’s ‘all the time’ during a comical appearance on ‘Who Wants to Be a Millionaire?’
Young millionaire reveals the wealth-building lessons he learned from billionaires
The young entrepreneur behind 'School of Hard Knocks' shares his strategy for turning a content creator business into multiple revenue streams.
Colombia’s Right-Wing Offensive and the Politics of Order
Far-right millionaire Abelardo de la Espriella has a narrow lead ahead of Colombia’s election runoff. Left-wing rival Iván Cepeda speaks of the outgoing government’s achievements, but rising violence has made the campaign especially volatile.
He fled Iran for the American dream, became a millionaire, and could have retired—instead, he built the health tech that saved his father from cancer
Health tech millionaire escaped Iran with nothing—now he skips lunch, spends $500 a month on carrot juice, and bought his whole team Rolexes.
How SpaceX employees, new millionaires should spend their IPO windfall
SpaceX's blockbuster IPO will ink thousands of new millionaires. Wealth advisors urge them to spend smartly.
Inside wealth: New SpaceX millionaires are reinventing the business of managing large wealth
Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.
New SpaceX millionaires are reinventing the business of managing large wealth
Wealth advisors say SpaceXers have unique ways of addressing their financial challenges, including whiteboarding, troubleshooting and AI.
Peer-reviewed papers are ‘old hat science’, says millionaire investor
Candy Crush businessman Mel Morris says universities “must embrace AI” to transform into economic powerhouses
Beth Fukumoto: Hawaiʻi’s New ‘Millionaires Tax’ Is Good Politics
People are angry about the economy, and they know the policies of the past haven’t delivered for them.
Who Is Saikat Chakrabarti? The Tech Millionaire Who Wants to Turn the Democratic Party Upside Down
Chakrabarti is running on an insurgent message to fill Nancy Pelosi’s House seat in San Francisco.
Business owner warns Washington’s 'millionaires tax' could spur an exodus of top earners
A sense of frustration is growing among some of Washington state’s job creators.
'Cool Dude': Reef Runner Targets Jaipur
Alex and JoAnn Lieblong’s millionaire Florida homebred Reef Runner will point to the $500,000 Jaipur (G1) June 6, Belmont Stakes Day, at Saratoga Race Course. The 5 1/2-furlong test for 3-year-olds and up offers a ‘Win and You’re In’ berth to the Breeders’ Cup Turf Sprint (G1) in October ...
Chicago Teachers Union wants $8.5 million dues hike to fund politics
“Has your brand become toxic?” This was a pointed question from WGN Political Editor Tahman Bradley, posed to Chicago Teachers Union President Stacy Davis Gates in a recent interview. Her immediate response: “I don’t understand the question.” When pressed, Gates added, “The Chicago Teachers Union is not a political party, it is a labor union.” But internal union documents show CTU leadership is trying to skim $8.5 million more from teacher paychecks explicitly for politics, while trying to silence union members critical of Gates’ leadership. Under the proposed dues hike, Chicago teachers would see up to $800 more per year flow from their paychecks to union coffers. The union already takes in more than $40 million a year, mostly from dues. And it spends less than 18 cents of every dollar on teacher representation. The No. 1 reason for the proposed dues hike? Politics. “We must win a majority of the first 21 person fully elected school board in November,” reads the first point in CTU’s member FAQ document.1 This directly contradicts CTU’s promise to members about how leadership uses dues money. The official CTU handbook tells members that the union does not use dues money for politics, so if they are interested in funding political activity, they should consider voluntary donations to CTU’s political action committee. “Our dues are not used for political purposes,” according to the handbook. “So our PAC relies on extra contributions from our members to support progressive candidates and to impact elected officials at the city, county and state levels.” This kind of double-speak is one reason members are concerned about another constitutional change slipped into the dues hike vote, which will take place on May 20-21: an attempt to stop members from holding the union accountable. A proposed amendment to the union constitution tries to place limits on when members may bring a lawsuit against the union for violating members’ rights.2 This provision is clearly a response to members’ lawsuit against union leadership regarding Gates’ years-long refusal to publish audited financial statements. The judge in that case has repeatedly denied the union’s attempts to dismiss it. Teachers opposed to these changes have been circulating this flier, urging members to vote no. What will CTU members get in return for millions of dollars in additional dues? If the 2024 school board elections are any indication—not much. CTU leadership’s record on school board races may not inspire confidence among members. A Chicago Policy Center analysis of a dozen affiliated PACs found CTU spent nearly $2.9 million on school board races in 2024. Of that spending, more than $2.1 million (75%) went to losing candidates. And while CTU-backed candidates lost six of the nine competitive seats overall, they fared worse in their biggest-spending races, losing five of six contests in which the union and its affiliates put up more than $250,000 for their candidate. The Chicago school board elections take place Nov. 3.3 Is another $8.5 million enough to clean up a toxic reputation? Not likely. Update on federal tax credit scholarship: Last week, Democratic New York Gov. Kathy Hochul said she plans to opt into the federal tax credit scholarship program. If Illinois Gov. JB Pritzker follows suit, Illinois could unlock $1 billion in donor money statewide for both public- and private-school students. If Illinois does not opt in, that money will flow to other states. The Last Ward reported in February on how Illinois Democrats could unlock at least $100 million in new resources for Chicago public-school students by opting in. Update on the investigation into how Chicagoans learned about a meeting to hike their property taxes: The Last Ward reported in January on an absurd, taxpayer-funded investigation into how local media learned of a planned Chicago school board meeting to hike the district’s property tax levy. That investigation is now complete. Lawyers interviewed two dozen witnesses, and found nothing. Update on Illinois’ muni debt crisis: My colleague Joe Tabor last week published a must-read piece in Crain’s Chicago Business about how Illinois recently rejected south suburban Harvey’s request to be designated a “distressed city.” The saga shows why the state must implement a better structure to assist insolvent local governments, including allowing for the option to pursue debt relief via Chapter 9 bankruptcy. The Last Ward reported in October on how Harvey is tipping the first domino in Illinois’ municipal debt crisis. Mincing Rascals: I joined the Mincing Rascals podcast to discuss the SAFE-T Act, the millionaires tax, and more. My “green light” recommendation: Force Majeure (2014). 1 Notably, the No. 2 reason cited is “resources to fund a state-wide millionaires tax campaign in order to fully fund the state’s school funding formula.” The constitutional amendment necessary to implement a progressive income tax in Illinois recently died in the Illinois House, meaning this question would not appear on the ballot until 2028 at the earliest. 2 There is seemingly no single-subject rule for CTU constitutional amendments. So members only get one vote on the full package. One cannot vote “yes” on the dues hike and “no” on the restriction of members’ rights, for example. 3 Illinois law grants far too much power over local government to unelected officials like Gates. State lawmakers should fix that.
Will the ‘millionaires tax’ hurt Seattle sports? It’s complicated
A higher state income tax could add a layer of uncertainty and complexity to how Seattle sports teams handle free agency.
The Hottest Job in Sports: A WNBA Front Office Role
The WNBA’s lucrative, long-term media rights are inked. The historic collective bargaining agreement between owners and players is complete. Team valuations are at an all-time high. The league enters its 30th season Friday with more fans than ever and star players who are newly minted millionaires. To keep up with this growth, front offices around …
Remember Tim Eyman? He’s bearing bad news — for his own side
The anti-tax crusader is passing around internal poll results that show the "millionaires tax" would be easily upheld by voters this year.
Seattle professor says 'millionaires tax' could impact state business climate, relocations
Washington’s newly approved tax on millionaires is raising questions about whether some of the wealthiest residents could leave.
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The American financial elite have benefited from tax breaks while the rest of the population struggles, leading to a push for tax reform and increased taxation on the wealthy.
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Maine business community opposes millionaires’ tax
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The party of the rich just taxed the rich in WA. Can that hold?
About 8 in 10 of the Washington residents who will have to pay the new millionaire's income tax live in Democratic districts. Legislators there say their rich constituents are fine with it.
BrightSpring Health (BTSG) Climbs 7.8% on Double-Digit Growth Outlook
BrightSpring Health Services Inc. (NASDAQ:BTSG) is one of the 10 Stocks That Made Millionaires Today. BrightSpring rallied for a second day on Tuesday, jumping 7.81 percent to finish at $42.10 apiece, as investors welcomed the company’s reaffirmed growth outlook for this year. In a shareholders’ meeting on the same day, BrightSpring Health Services Inc. (NASDAQ:BTSG) […]
Washington passes "millionaires tax" despite concerns of wealth flight
Following a 24-hour marathon session, Washington lawmakers passed a 9.9% tax on high earners. Gov. Bob Ferguson calls it "historic progress" for working families.
Washington House passes 9.9% ‘millionaires tax’ as business leaders warn of ‘seismic shift’
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WA's small businesses, startups weigh impacts 'millionaires tax'
As Washington considers a new tax targeting highly paid workers, debate rages on over its potential impacts on businesses and the state's startup culture.
Governor Bob Ferguson
I’ve said from the beginning of the discussion around the Millionaires’ Tax: Any bill I sign must send a significant percentage of that revenue back to Washington families and small business owners....
Washington state progressives strike big business tax break from ‘millionaire’s tax’
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Millionaires Tax faces Tuesday hearing, questions about pro sports impact
Some have warned the tax could have ripple effects on Seattle’s professional sports teams — and on any effort to bring the NBA back to the city.
Millionaires Tax faces Tuesday hearing, questions about pro sports impact
Some have warned the tax could have ripple effects on Seattle’s professional sports teams — and on any effort to bring the NBA back to the city.
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Governor Bob Ferguson
Under my proposal for a Millionaires' Tax, 170,000 small businesses would pay nothing in B&O taxes. Zero. Another 30,000 businesses would have their B&O tax reduced. Small businesses are going...
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Businesses looking to leave WA nearly doubled since 'millionaire tax' proposal
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'Millionaires tax' hearing, hastily called, brings big crowd to Olympia
Opponents of a proposed "millionaires tax" warn it will expand to more people, while supporters say it's a long overdue remedy to a regressive tax system.
Ferguson says he can’t support WA income tax bill without changes
Gov. Bob Ferguson says he won't support a proposed millionaire's tax without changes to send more of the proceeds back to the pockets of Washingtonians.
'Shark Tank' star worked at Red Lobster while building his business: Your 9-to-5 can be 'your first investor'
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No Small Business Relief in Millionaire Tax Bill
Washington state legislative report for January 25
A millionaire in California explains why he's happy to pay more taxes
A millionaire in California shares why he supports the state's proposed billionaire wealth tax — and why he doesn't plan to move away.
McKee finally endorsed a millionaire’s tax. Progressives and business groups aren’t happy.
Gov. Dan McKee's endorsement of a millionaire's tax in his fiscal 2027 proposal has reignited a longstanding policy debate, with progressive lawmakers saying McKee's proposal does not go far enough, and business groups slamming any income tax hikes.
I followed the safe path and still became a millionaire
Luisa Zhou followed the traditional path her immigrant parents wanted, then built a million-dollar business that gave her time and flexibility.
Foulkes says RIDOT needs in-house engineering expertise, outlines reforms: ‘Stop outsourcing safety’
The Rhode Island Democratic gubernatorial candidate also said Tuesday she is “very open” to the idea of a millionaires tax.
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'You can't just flee': Spike on proposed millionaire tax
Washington's 9.9% millionaire tax may threaten small businesses while addressing essential budgetary requirements.
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