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World Economy Apr 01, 2026

Bernie Sanders Proposes 5% Wealth Tax on U.S. Billionaires to Fund Health, Housing and Education

Senator Bernie Sanders urges a 5% wealth tax on the nation’s 938 billionaires, arguing it would rai…
America faces an unprecedented concentration of wealth: the richest 1% now control more assets than the bottom 93% of households, and a single individual, Elon Musk, with a net worth of $805 billion, holds more wealth than the lower‑half of the population combined.Recent tax policies have amplified this gap. In the year following the largest tax cut in U.S. history, 938 billionaires added $1.5 trillion to their fortunes, while President Trump and his family saw a modest increase of $4 billion. Four Wall Street giants—BlackRock, Vanguard, Fidelity and State Street—own stakes in more than 95 % of publicly traded companies, cementing corporate dominance across the economy.Political influence mirrors financial power: by the 2026 midterms, just 50 billionaires had poured over $433 million into campaign activities, shaping policy to protect their interests.Meanwhile, the average American worker is earning roughly $20 per week less than in 1973 after inflation adjustment, despite decades of productivity gains. The Rand Corporation estimates that $79 trillion has shifted from the bottom 90 % to the top 1 % over the past half‑century.Economic hardship is widespread: 60 % of households live paycheck to paycheck, nearly half of older workers lack retirement savings, and over 20 % of seniors survive on less than $15,000 annually. Health‑care insecurity affects 85 million Americans, with more than 500,000 filing for bankruptcy each year due to medical debt.At the heart of the problem is a tax code engineered by the affluent. Billionaires now pay lower effective rates than typical workers. For example, Musk’s tax rate sits below 3.3 % compared with an 8.4 % rate for a truck driver; Jeff Bezos paid under 1 % versus 8.7 % for a firefighter; Michael Bloomberg’s rate was 1.3 % against 13.3 % for a registered nurse; and Warren Buffett’s rate was a mere 0.1 % while a schoolteacher paid nearly 10 %.Corporate tax avoidance compounds the issue. After a $900 billion corporate tax break, major firms such as Tesla, SpaceX, Palantir, Ticketmaster and the parent of Taco Bell, Pizza Hut and KFC reported zero federal income tax despite generating over $17 billion in profit.Public sentiment is shifting. In California, voters favor a billionaire tax by a two‑to‑one margin, and in New York City, 62 % back a 2 % surtax on the ultra‑wealthy. Nationwide, more than six in ten Americans believe the wealthy and large corporations pay too little.In response, Senator Sanders introduced legislation to impose a 5 % wealth tax on the 938 billionaires whose combined net worth exceeds $8.2 trillion. Over a decade, the measure would generate roughly $4.4 trillion.The first‑year rollout would deliver a $3,000 direct payment to every household earning $150,000 or less—equating to $12,000 for a typical family of four. Additional provisions include constructing 7 million affordable housing units, expanding Medicare to cover dental, vision and hearing, providing universal childcare, raising the minimum teacher salary to $60,000, and guaranteeing Medicaid‑funded home health care for seniors and people with disabilities.Crucially, the plan would reverse recent health‑care cuts that stripped coverage from 15 million Americans, ensuring no additional loss of insurance.Even if the tax were applied retroactively, the impact on the ultra‑rich would be modest relative to their fortunes: Elon Musk would owe an extra $42 billion, Mark Zuckerberg an additional $11 billion, and Jeff Bezos another $11 billion—figures that would barely dent their net worths.As Justice Louis Brandeis warned in 1933, “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Senator Sanders argues the choice is clear: a democratic economy that serves the many, not a plutocratic system that serves the 1 %.The wealthiest Americans must begin contributing their fair share.
#tax #than #more
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Film Mar 31, 2026

James McAvoy on Scottish Accents and Authenticity in Film

James McAvoy discusses his directorial debut 'California Schemin'' and the challenges of Scottish a…
James McAvoy, a renowned British actor, has spoken out about the challenges of being typecast due to his Scottish accent. In an interview, McAvoy discussed his directorial debut, 'California Schemin', a film based on the true story of two Scottish men who posed as Los Angeles rappers.McAvoy emphasized the importance of authenticity in storytelling, particularly when it comes to regional accents and cultural representation. He shared his own experiences of being reduced to a "noise" due to his accent, highlighting the need for more nuanced portrayals of Scottish characters in film.The film, which stars Séamus McLean Ross and Samuel Bottomley as the two Scottish protagonists, explores themes of friendship, circumstance, and the limits of authenticity. McAvoy expressed his desire to make films that showcase working-class Scottish stories, saying, "I don’t think we make enough to satisfy the cultural needs of the 6 million people that live in this country."McAvoy also touched on the issue of limited opportunities for Scottish actors, citing the lack of greenlit projects and the dominance of a few established stars. He praised Screen Scotland for its efforts to boost the country's film industry, which aims to be worth £1 billion within five years.'California Schemin'' is set to release in UK and Irish cinemas on April 10, offering a fresh perspective on Scottish storytelling and the complexities of cultural identity.
#mcavoy #his #you
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World Economy Mar 31, 2026

Washington State Introduces Historic Millionaire Tax to Target Super-Rich

Washington state has passed a 9.9% income tax on millionaires, marking a significant shift in the s…
Washington state has taken a historic step towards a more progressive tax system by passing a 9.9% income tax on millionaires. The tax, which will take effect in 2028, targets the state's ultra-wealthy residents and aims to address the state's regressive tax system.The tax was championed by activists and lawmakers, including Noel Frame, who has been pushing for a wealth tax for over 15 years. Frame's efforts were previously met with resistance from the tech industry, particularly Microsoft and Amazon, which are headquartered in the state.The new tax is seen as a significant departure from the state's previous stance on taxation. Washington state has long been known for its lack of an income tax, instead relying on sales, business, and property taxes. However, this system has been criticized for being regressive, with the state's poorest residents paying a larger share of their income in taxes.The millionaire tax is expected to bring in much-needed revenue for public services, including public schooling and healthcare. The state's budget gap has been growing, and lawmakers have been struggling to find ways to balance the books.The tax is also seen as part of a national movement towards more progressive taxation. Several other states, including California, Colorado, Michigan, and New York, are considering wealth taxes. The movement is driven in part by growing public awareness of the wealth gap and the need for more equitable taxation.Despite the potential for the tax to drive away wealthy individuals and businesses, research suggests that taxation is not a major factor in decisions to move to a different state. Instead, factors such as work opportunities, family, and lifestyle choices play a much larger role.The tax is expected to face legal challenges and potential opposition from opponents who argue that it will harm the state's economy. However, supporters of the tax argue that it is a necessary step towards creating a more equitable tax system and providing more revenue for public services.
#state #tax #washington
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Technology Mar 31, 2026

Milpitas Residents to Receive Free Doorbell Cameras for Enhanced Public Safety

The city of Milpitas in Silicon Valley is offering free doorbell cameras to its residents to enhanc…
The city council of Milpitas, a suburb north of San Jose, California, has approved a program to provide free doorbell cameras to residents. The initiative aims to enhance public safety and help police collect video evidence. The program will offer one camera per household on a first-come, first-served basis.City councilmember Evelyn Chua emphasized that public safety is her top priority, and this door camera initiative is about strengthening crime prevention at home. The program is intended to build a stronger connection between the community and law enforcement to help deter crime and protect neighborhoods.Milpitas police plan to share a link for residents to voluntarily upload doorbell footage and organize community events where residents can sign up to participate in the program. The police department will not have access to any residential footage unless it is shared with them.The program has raised concerns about surveillance, with some critics arguing that doorbell cameras, especially Amazon's Ring, help law enforcement surveil neighborhoods. However, the police department has stated that all video received through the program is 100% voluntarily shared by residents.While Milpitas city council members have said the program aims to improve public safety, the city plans to distribute cameras that provide similar or equal capabilities to Ring cameras, but without the need for subscription services.
#cameras #city #milpitas
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Entertainment Mar 31, 2026

Brandy's Memoir 'Phases' Reveals a Life of Fame, Trauma, and Triumph

Brandy's memoir 'Phases' offers a candid look at her life, from her early days as a gospel singer t…
Brandy's highly anticipated memoir, Phases, co-written with Gerrick Kennedy, provides an intimate look at the singer's life, detailing her formative years, meteoric rise to fame, and struggles with addiction, bullying, and trauma.Brandy, known as the 'Vocal Bible,' has been in the music industry for over 30 years, with a discography that includes undeniable classics like 'Sittin’ Up in My Room', 'The Boy Is Mine', and 'What About Us?'. Despite her success, she has often been underrated, and her memoir aims to set the record straight.The book delves into Brandy's early life in Mississippi and California, where she developed her singing skills in church choirs and youth groups. It also explores her experiences as a teenage superstar, including her role on the hit sitcom Moesha and her struggles with addiction.Brandy shares stories of bullying, including being targeted by a bully named Shanice, and her complicated relationships with musical idols like Whitney Houston and Michael Jackson. She also opens up about a toxic relationship with Wanya Morris of Boyz II Men and her side of the story about her highly publicized feud with Monica.The memoir also touches on Brandy's involvement in a fatal car accident in 2006, which left her with survivor's guilt and a deep sense of responsibility. Through it all, Brandy's love for music remained a constant, and she reflects on her journey to becoming one of the most respected vocalists in the industry.Phases is now available on HarperCollins in the US and will be released in Australia on April 1 and in the UK on April 23.
#Brandy Norwood #Phases #Gospel music
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Technology Mar 31, 2026

US Juries Hold Meta and YouTube Liable for Harmful Design, Ordering $381 Million in Damages

Back‑to‑back verdicts in New Mexico and California found Meta and YouTube responsible for designs t…
Jurors in two separate U.S. courts delivered historic rulings that, for the first time, hold major social‑media platforms financially accountable for designs that allegedly harm young users. In New Mexico, a jury ordered Meta to pay $375 million for claims that its products contributed to child sexual exploitation and other harms. The following day, a California jury found both Meta and YouTube liable, imposing $6 million in damages for deliberately engineering addictive experiences. The verdicts arrive amid a wave of lawsuits filed by more than 2,000 plaintiffs—including families, school districts, and state attorneys general—targeting Meta, YouTube, TikTok and Snap. While both companies have announced intentions to appeal, the judgments signal a shift from public criticism to concrete legal exposure. During the trials, Meta’s defense repeatedly cited the American Psychiatric Association’s position that “social media addiction is not a thing” in the DSM‑5‑TR. The APA countered that the absence of a formal diagnosis does not negate the phenomenon’s existence, emphasizing growing research on the mental‑health impacts of compulsive platform use. Internal communications presented as evidence painted a starkly different picture. A 2020 Meta email exchange described Instagram as “a drug” and likened the company’s role to that of “pushers,” while another message warned that targeting 11‑year‑olds resembled tactics once used by tobacco firms. Similar concerns emerged from YouTube, where an internal document explicitly stated the goal was “not viewership, it’s viewer addiction.” TikTok’s own research echoed these findings, concluding that users could become addicted in under 35 minutes and that compulsive usage correlates with a range of negative mental‑health outcomes. Moody’s, a risk‑assessment firm, warned that the dual verdicts establish a precedent whereby design‑driven user harm can trigger liability. In an analysis, analysts Adam Grossman and Taro Ramberg noted that insurers should focus on the emerging “design‑centered liability theory,” which links engagement‑driven features—such as infinite scrolling and autoplay—to compensable injuries. They cautioned that the current cases are merely the first data points in a broader legal trend. Beyond social media, the same design principles appear in video games, sports‑betting platforms, AI chatbots and online retail. Moody’s tracker lists over 1,100 pending cases in Los Angeles alone and estimates roughly 4,000 lawsuits targeting 166 U.S. companies for allegedly addictive software design. Both Meta and YouTube maintain that they disagree with the verdicts. YouTube’s spokesperson called the California decision a “misunderstanding” of the platform’s nature, while Meta emphasized the complexity of teen mental health and the non‑unanimous nature of the California jury’s finding. Nevertheless, the courts have signaled that even without a settled clinical definition of “social‑media addiction,” companies can be held responsible for the foreseeable harms of their product designs.
#meta #youtube #tiktok
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Sport Mar 31, 2026

Sinner and Sabalenka Complete Rare Sunshine Double Feats, Reinforcing Their 2026 Tour Dominance

Jannik Sinner and Aryna Sabalenka each clinched the coveted Sunshine Double at Indian Wells and Mia…
Jannik Sinner reflected on his latest triumph at the Miami Open with a modest chuckle, insisting that tennis remains an individual sport. His decisive win over Jiri Lehecka not only secured the Sunshine Double—following his Indian Wells victory—but also extended a remarkable record: every tournament featuring both Sinner and Carlos Alcaraz since April 2024 has been won by one of the two. Sinner’s achievement marks his third consecutive Masters 1000 title and an astonishing 34 straight sets won at this level, underscoring his dominance over all challengers aside from his chief rival. After early‑season setbacks—losses to Novak Djokovic at the Australian Open and to Jakub Mensik in Qatar—Sinner and his team relocated to California for an intensive training block in scorching conditions, a strategy that paid dividends throughout March. “There is no secret behind it, just hard work,” Sinner said, noting his extended stay outside Europe and his eagerness to return home. Despite his focus on individual preparation, the broader narrative remains: the gap between Sinner, Alcaraz and the rest of the field continues to widen, with the two duopoly rarely challenged. On the women’s side, Aryna Sabalenka mirrored Sinner’s feat by completing her own Sunshine Double, albeit under markedly different circumstances. She entered the season having won 23 of her first 24 matches, and at Indian Wells she survived a match‑point against Elena Rybakina before edging Coco Gauff in a tense Miami final. Sabalenka’s recent evolution is evident both technically and mentally. After a series of high‑profile collapses in decisive moments—most notably at the Australian Open and the French Open—she adopted a self‑affirmation routine, repeatedly reminding herself of her strength. “Whenever I felt like doubting my ability, I was bringing myself back and reminding myself, ‘No, no, no, you’re strong enough,’” she explained. Her résumé now includes four Grand Slam titles, 11 WTA 1000 titles, and a cumulative 84 weeks at world No. 1. Financially, Sabalenka is on track to become the second female athlete ever to earn $50 million in prize money in a single year, trailing only Serena Williams. The Miami Open itself remains a paradox. While it draws a vibrant, international crowd—especially from Latin America—and offers a unique atmosphere, its temporary venue at Hard Rock Stadium is widely criticized as the tour’s least favorable setting, with sightlines compromised by the stadium’s layout. The tournament’s prestige has also been challenged by the rise of Indian Wells and the recent shift toward mixed‑gender two‑week events. As the tour transitions to the European clay season, the performances of Sinner and Sabalenka raise pivotal questions about the future hierarchy of tennis and the evolving relevance of historic events like Miami in a rapidly changing landscape.
#sinner #his #her
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World Economy Mar 31, 2026

US Fuel Prices Surpass $4 per Gallon for First Time in Four Years Amid Iran Conflict

The average US fuel price has exceeded $4 per gallon for the first time in four years, driven by th…
The average price of fuel in the US has surpassed $4 per gallon for the first time in four years, reaching $4.02 per gallon nationwide, according to AAA data. This significant increase comes as the conflict between the US and Iran continues to escalate, boosting oil prices and putting pressure on drivers.On the west coast, drivers are facing even higher prices, with California averaging $5.89 per gallon and Washington state averaging $5.35 per gallon. The surge in oil prices has been driven by the Brent crude price hitting $115.48 per barrel, a global benchmark for oil prices.President Donald Trump has faced criticism for his handling of the situation, with many arguing that the rising fuel prices will hurt his chances in the upcoming midterm elections. In response, Trump has tried to downplay the impact of higher oil prices, claiming that the US will benefit as a whole due to its status as the largest oil producer in the world.However, Trump has also acknowledged that fuel prices will likely drop once the conflict with Iran is resolved. The president plans to withdraw US forces from the war "at some point," but emphasized that other countries will need to take on more responsibility to address the situation.
#prices #average #iran
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Politics Mar 31, 2026

California Defies Trump with New AI Regulations Focused on Public Safety

California Governor Gavin Newsom has signed an executive order to impose new regulations on AI comp…
California is taking a significant step in regulating the artificial intelligence (AI) industry by introducing new standards for companies seeking to do business with the state. This move directly contradicts former President Donald Trump's stance on keeping the industry as deregulated as possible. Governor Gavin Newsom signed an executive order on March 30, giving the state four months to develop AI policies that prioritize public safety. Companies hoping to secure contracts with California will be required to demonstrate policies that prevent AI from distributing child sexual abuse material and violent pornography. They must also show how their models avoid incorporating “harmful bias” and detail policies aimed at avoiding “unlawful discrimination, detention, and surveillance”. The order also directs the state to come up with best practices for watermarking AI-generated or -manipulated images and videos. Newsom emphasized California's commitment to innovation while ensuring that companies protect people's rights and do not exploit or put them in harm's way. California's actions are part of a broader trend of state-level attempts to regulate an AI industry that has raised public safety concerns and worries about the potential for job displacement due to automation. According to the New York Times, states have passed more than 100 laws to shield children from chatbots and to block AI companies from using copyright-protected material. The White House issued a national policy framework for AI in December that discouraged states from passing such regulations, with Trump's executive order calling for minimal regulation to allow U.S. AI companies to innovate freely. In response, the Justice Department established an “AI Litigation Task Force” to challenge state AI regulations.
#California #Gavin Newsom #Artificial Intelligence
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