Friday, October 30, 2026Oct 30, 202612:17 PM PDTPacific Edition

NewsverceNewsverce

Eternal Vigilance: The Price of Liberty

wealth tax

13 stories

Politics🇺🇸

The Assault on American Titans: How Demonizing Billionaires Undermines Free Enterprise and Prosperity

Politicians vow to tax billionaires into oblivion amid America's tech-driven boom, but data from the Bureau of Labor Statistics shows billionaire-founded firms employ millions and contribute 15% to GDP. This rhetoric echoes China's tycoon crackdowns that erased $1.5 trillion in market value. As a Greater China correspondent, I see parallels that threaten U.S. innovation and property rights.

Wei ZhangMay 13, 11:18 PM PDT9 min read

Politics🇺🇸

AOC Unwittingly Echoes "You Didn’t Build That": A Threat to Property Rights

Rep. Alexandria Ocasio-Cortez declared in a recent MSNBC interview that no one earns their wealth alone, crediting public investments for all success. The remark, echoing Barack Obama's 2012 gaffe, sparked backlash and highlights progressive assaults on property rights. Data from the Federal Reserve and Treasury shows individual effort drives prosperity, underscoring why free markets and limited government remain America's strength.

Victoria AshfordMay 8, 11:18 AM PDT9 min read

Politics🇬🇧

The Night in Charts: Labour's Wipeout Boosts Free Markets and London Luxury

Labour suffered a dramatic election wipeout, losing over 450 seats in charts that reveal voter backlash against high taxes and regulations. Prime London property markets eye deregulation relief, with FTSE up 2% post-results. This shift echoes free enterprise principles that drive prosperity, offering hope for investors in luxury real estate.

James ChenMay 8, 3:19 AM PDT8 min read

Economy🇺🇸

Apollo's Bold Exit Strategy: Wall Street Powerhouse Eyes Second HQ as Mamdani's Tax Crusade Accelerates Business Flight from NYC

Wall Street giant Apollo Global Management explores a "second headquarters" outside New York City, citing aggressive tax policies pushed by Assemblyman Zohran Mamdani. This move signals accelerating finance job losses from the state, with 22,000 positions already gone since 2019 per BLS data. As firms flee high taxes, free markets demonstrate their power to check government overreach.

Maximilian von HesseMay 6, 2:09 PM PDT9 min read

🇫🇷

Le Figaro Exposes Paris Property Plunge – A Free Market Lesson in Government Overreach

Le Figaro reveals Paris's ultra-luxury apartments in the 7th and 8th arrondissements have seen asking prices drop 5-10% year-over-year, with sales volumes down 22% in Q2 2024 per Notaires de France. New wealth taxes and rental bans drive wealthy buyers to London and Geneva. This regulatory squeeze highlights why America's founding principles of property rights and limited government foster superior market outcomes.

James ChenApr 28, 10:26 PM PDT8 min read

Politics🇺🇸

Elizabeth Warren's Wealth Tax: Echoes of Feudal Lords in the Land of Free Enterprise

Senator Elizabeth Warren reintroduced her Ultra-Millionaire Tax Act, proposing a 2-6% annual levy on fortunes over $50 million. Critics warn it erodes property rights central to America's founding and free-market prosperity. Drawing from failed European models, the plan risks capital flight and stagnation, threatening the voluntary exchange that built the world's greatest economy.

William ThorntonApr 27, 3:18 PM PDT10 min read

🇫🇷

Paris Haussmann Mansions Hit €20,000/sq m: How Free Markets Outpace French Regulation in Luxury Boom

A Haussmann mansion on Avenue Foch sold for €45 million last month, hitting €22,000 per square meter, per Le Figaro. Prime Paris prices surged 12.5% year-over-year in Q3 2024, topping London's 8.2% gain despite wealth taxes and rent caps. This resilience highlights property rights' power amid regulatory pressures.

James ChenApr 1, 12:26 AM PDT9 min read

Politics🇺🇸

Confiscating Success: Progressives Target Wealth, Echoing Failed Schemes

Progressives led by Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez are renewing calls for a federal wealth tax, proposing 2-8% levies on fortunes over $50 million to raise trillions. This assault on property rights risks capital flight and market distortion, as seen in France's repealed tax. Grounded in America's founding principles, free enterprise remains the true engine of prosperity.

James ChenMar 30, 5:17 AM PDT8 min read

🇫🇷

Paris in Peril: How France's Rent Controls and Wealth Taxes Are Crushing Luxury Real Estate – Lessons for Free Markets

Paris luxury home prices dropped 2.1% year-over-year in Q3 2024, per CoreLogic France, amid snap elections and regulatory burdens. Investors flee to freer markets like Portugal, highlighting France's stagnation versus America's property rights-driven prosperity. This crisis underscores why limited government and free enterprise deliver superior outcomes.

James ChenMar 17, 2:26 AM PDT9 min read

Life of Riley🇺🇸

Golden State Exit: Why California’s Wealthy Can’t Escape Tax Claws

California’s billionaires are fleeing high taxes and regulatory burdens, but proving they’ve left is a legal nightmare. The state’s Franchise Tax Board employs aggressive residency audits, tracking everything from jet flights to credit card swipes. For the ultra-wealthy, escaping the Golden State’s tax grasp is proving harder than ever.

Clarissa de MontfortJan 31, 9:01 AM PST9 min read

Life of Riley🇺🇸

Burdened by the Facts: Newsom Rejects California Billionaire Wealth Tax

Governor Gavin Newsom has publicly opposed a proposed wealth tax on California’s billionaires, citing economic realities over ideological fervor. His stance, rooted in concerns about capital flight and administrative challenges, reignites a timeless debate over property rights and government overreach. As a Palm Beach correspondent with a background in estate planning, I see this as a critical moment for the principles of economic liberty.

Sebastian Ashworth-ClarkeJan 30, 1:01 PM PST8 min read

Economy🇺🇸

California’s Proposed Wealth Tax: Redefining Property Rights?

California’s Assembly Bill 259 proposes a groundbreaking wealth tax on billionaires, targeting net worth with rates of 1% over $50 million and 1.5% over $1 billion. This controversial plan, which includes an “exit tax” for those leaving the state, raises serious questions about property rights and economic freedom. As debates heat up, what does this mean for individual liberty and the state’s economy?

Jan 24, 2:01 AM PST9 min read

Economy🇺🇸

California’s Billionaire Tax: Can Newsom Prevent a Wealth Exodus?

California’s proposed billionaire tax, targeting households worth over $1 billion, has sparked fierce debate over property rights and economic fallout. Governor Gavin Newsom faces mounting pressure to halt a policy that critics warn could drive the state’s wealthiest residents—and their capital—elsewhere. With billions in revenue and the state’s fiscal future at stake, can he strike a balance between progressive demands and free market principles?

Jan 24, 2:01 AM PST9 min read