An anonymous activist group says it will begin releasing dossiers this month mapping the homes of Elon Musk, his brother Kimbal, Tesla board members, investors and suppliers. The group claims it has raised over $1.2 million and plans to eventually publish more than 150 addresses and 3,500 records on people worth a combined $1.4 trillion, along with alleged evidence of 'criminal exploits and security lapses.'
wired.com
· 2026-11-02
California recently certified a ballot measure for November that would impose a one-time 5% levy on billionaires' wealth, paid over five years, aiming to raise about $20 billion annually for health care, food aid and schools. The Center for Land Economics released a report estimating California's total land value at roughly $8.14 trillion, verified through three separate methods, and argues this dwarfs the state's billionaire wealth base by about eightfold. The report notes six named billionaires already hold substantial wealth outside the state's reach, illustrating the mobility of that wealth compared to land.
blog.landeconomics.org
· 2026-09-24
Billionaire investor Mark Cuban has publicly criticized California's Proposition 40, a proposed 5% wealth tax targeting billionaires. Cuban argues the measure would disproportionately harm startup founders whose net worth is tied up in illiquid company equity rather than cash, making it difficult for them to pay a tax based on paper wealth.
fastcompany.com
· 2026-08-25
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