#anti-billionaire-movement

#anti-billionaire-movement

"They are like royalty in Bentonville," said Charu Thomas, who chairs the board of Bentonville-based organizations, reflecting the Walton family's significant influence in the area.

A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.

Eight of the ten clubs in the top half of the Premier League table are owned by Americans. In the Championship, four of the eight clubs battling for promotion are U.S.-owned, including the Ryan Reynolds-Rob McElhenney Wrexham project.

They've been killing people around the world for 45-plus years. They've killed a lot of Americans. They've funded Hamas, Hezbollah, the Houthis ... they have terrorist cells here.

We knew it was going to be a pretty major endeavor. We've got 93 years of precedent in front of us, behind us, around us at all times on the conversation around an income tax. Washington state was originally built on an agrarian and timbered economy. We still have a tax code based on apples and cherries while building some global-leading technology every which way you throw a rock.

Ellison has seen his personal wealth slump by an unrivaled $47 billion to $200 billion as of Tuesday's close, reflecting a 23% plunge in Oracle stock year to date. Investors have grown more skeptical about the database giant's AI infrastructure buildout, particularly as big names such as Michael Burry of "The Big Short" have warned the strategy won't pay off.

The comment comes as billionaires in the state have made public their intent to relocate elsewhere in the wake of the tax's proposal. Venture capitalist Peter Thiel, tech investor David Sacks, and Google co-founders Larry Page and Sergey Brin have all taken steps to leave. At the same time, billionaires are dishing out piles of cash to fund a campaign against the ballot initiative. Thiel made his biggest political contribution in years, donating $3 million to a California business group leading the fight against the billionaire wealth tax.

A march supporting California's billionaires didn't exactly draw a huge crowd on Saturday - the San Francisco Chronicle counted around three dozen attendees, along with another dozen tongue-in-cheek counter-protesters. To be fair, organizer Derik Kauffman had predicted attendance of only "a few dozen" beforehand. But the "March for Billionaires" has drawn outsized attention on social media because it's such an incongruous idea, and according to Mission Local, journalists nearly outnumbered demonstrators at the event itself, where marchers carried signs with messages like "We ❤️ You Jeffrey Bezos" and "It's very difficult to write a nuanced argument on a sign."

That said, when looking at truly world-class investors with exposure to single-stock names, I thought I'd look for one non-Magnificent-7 stock I think may be intriguing for investors to consider. I think I have it. I'm going to discuss why Costco ( NASDAQ:COST) appears to be so widely-owned in the world of wealthy investors, and why this stock may also be perfect for a small retail investor as well right now.

Vilifying billionaires is popular. Losing them is expensive.