Is every billionaire a policy failure?

Maybe a wealth tax can be put to good use by our elected officials. Or maybe letting the billionaires keep and invest their money is a better alternative.

Californians divided over billionaire tax

Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story Californians divided over billionaire tax A recent poll shows Californians are…

Billionaire Rick Caruso Brings Back Palisades Village After Wildfire: “This Is One Chapter of the Comeback Story”

The onetime L.A. mayoral candidate extensively restored his luxury shopping center, which remained intact as much of the surrounding commercial district was destroyed.

California Democratic Party backs billionaire tax despite internal opposition

The California Democratic (CADEM) Party on Sunday announced that it backs a ballot measure to charge the state’s 200 billionaires with a one-time, five-percent tax on their net worth, a…

New US sanctions target billionaire Iranian financier Babak Zanjani

The United States Treasury Department announced on Friday it will be implementing sanctions against key businesses and associates of sanctioned Iranian financier Babak Zanjani for attempting to evade sanctions. The…

Indian billionaire denies U.S. investment pledge influenced DOJ to seek case dismissal

Indian business magnate Gautam Adani said his pledge to invest billions of dollars in the U.S. did not influence the Justice Department’s decision to move to drop the criminal case…