Happy peasants, miserable millionaires Graham first spotted the pattern in China.
—
Nick Lichtenberg,
Fortune,
24 Oct. 2026
Cristobal Young, a sociology professor at Cornell University, said previous California tax increases on millionaires didn't lead to a mass exodus of wealthy people.
The changes include allowing the adoption of distant male relatives raised as commoners to become royals and father future heirs, and letting princesses keep their royal status after marrying commoners.
—
Mari Yamaguchi,
Los Angeles Times,
24 Oct. 2026
Several studies suggest Gen Z and millennial heirs are more likely to focus on systemic causes, like climate, health, human rights and international development, while boomers and Gen Xers tended to focus more on local institutions.
DiFuria described a billionaire family that went from feeling guilty about their spending to owning yachts and planes and moving to an area where other billionaires live.
—
Molly A. Wallace,
Fortune,
24 Oct. 2026
Opposition campaigns to the wealth tax as well as the two countermeasures have received enormous donations from several of the state’s billionaires.
Its mix of escapist fantasy and emotional substance has never felt more dialed in, nor the political relevance of staggering income inequality and meddlesome tycoons more pronounced.
—
Alison Herman,
Variety,
22 Oct. 2026
Julia Demaree Nikhinson / AP The Journal also reported this weekend that Guilfoyle boasted in audio recordings about Greek businessmen who paid for her travel, and reportedly encouraged foreign governments to do business with one of the tycoons.
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