California voters will decide on Proposition 40 soon, but looming over the controversial billionaire wealth tax proposal is another state ballot measure from nearly 50 years ago. In 1978, voters approved Proposition 13, which capped property taxes at just 1% of assessed value, limited annual hikes to 2%, and allowed reassessments to market value only
Your kid could become a SpaceX shareholder by Christmas. SpaceX President and COO Gwynne Shotwell said she and her husband are gifting over 2 million shares of the company to eligible tweens and teens through Trump Accounts, which first rolled out in July. Trump Accounts are tax-advantaged investment and savings accounts for American children under
The seemingly endless gusher of capital that’s been showered on Silicon Valley during the AI boom may be coming to an end soon as Wall Street pushes back on massive spending plans. Following a brutal selloff in tech stocks over the past week, OpenAI slashed the target on its latest fundraising round to $20 billion
My mother had the most gorgeous hair. It was a deep, rich red that looked more like Bordeaux than carrots. My favorite photograph of her is from her modeling days when she posed as one of the original Breck girls. Three of my four grandparents were redheads. My grandmothers had the more common copper color.
With a net worth of $222 billion, Mark Zuckerberg is one of the richest people in the world and the owner of a massive real-estate portfolio that spans the entire U.S. His latest purchase from August is a 440-acre estate and accompanying 196-year-old castle in County Waterford, Ireland, a purchase that reportedly set him back
I’ve got some happy news to share this week. It involves a young computer science graduate named Kiran Maya Sheikh, who has taught me a lot about grit, determination, and the realities of finding a job in the age of AI. Back in February, I wrote a newsletter arguing that people shouldn’t panic about AI
