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Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

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Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

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Current price of oil as of November 6, 2026

1

Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety net

2

Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted it

3

Current price of oil as of November 6, 2026
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U.S. Senator Elizabeth Warren questions bank CEOs at Wells Fargo, Bank of America, JPMorgan and Citigroup.
Wall Street banks brace for ‘political theater’ as Democrats return to power—but few expect major change anytime soon

“They can make life difficult, but they can’t necessarily change the overall tenor of where the banks are projected to go,” a Citi analyst said.

By Morgan ChittumNovember 7, 2026
A woman sits in a voting booth.
‘Like being hit between the eyes with a sledgehammer’: Meet the one town in America that defied election trends and voted in favor of data centers
By Sasha RogelbergNovember 7, 2026
A person holds a sign reading 'Save Our Social Security' during a press conference and rally in support of fair taxation near the U.S. Capitol in Washington, D.C. on April 10, 2025. Tax justice advocates attended the 'Federal Fight Back Rally' to speak out against President Trump's tax cuts for the wealthy, and to urge members of Congress to intervene.
A new group of senators from both parties will vote on how to save Social Security. Here’s what they’ve said about it
By Tatiana SatauaNovember 7, 2026
The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up
The midterms didn’t stop the AI buildout. They simply repriced it—and OpenAI is already promising to pay up
By Catherina GioinoNovember 6, 2026
Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted
Democrats just won control of Georgia Power’s regulator for the first time in 30 years — and its OpenAI data center contract was entirely redacted
By Emily Jones and GristNovember 6, 2026
‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives
‘Everyone knows why we lost,’ JD Vance points to the Iran war — which has already cost at least $38 billion and 19 American lives
By Javed Ali and The ConversationNovember 6, 2026
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Law
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Cloudflare’s appeal won’t fix what’s broken in Delaware’s Chancery Court

A vice chancellor, Travis Laster, sent his own ruling to the state Supreme Court. Boards shouldn’t read that as reassurance.

By Jeffrey Sonnenfeld and Steven TianNovember 5, 2026
Republicans made Hasan Piker their midterm villain. Now he’s suing Scott Jennings for $72.5 million

The Twitch streamer is seeking $72.5 million from CNN’s Scott Jennings over a spliced clip. His lawyer says Ted Cruz and others should “buckle up.”

By Emma WitmanNovember 5, 2026
Appeals court tosses lawsuit over Mamdani’s pied-à-terre tax rollout, ruling homeowners can’t sue over notices

The decision reverses a Staten Island judgment that ordered the city to redo its notices. Other legal challenges continue.

By Catherina GioinoNovember 4, 2026
States agreed to ‘fully, finally, and forever’ release Meta from claims they didn’t know existed — with $459 million for Cambridge Analytica claims

The judge also concluded the company failed to notify users about thousands of applications associated with data misuse.

By Emma L. Briant and The ConversationNovember 4, 2026
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Politics
More in Politics
Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues
Gen Z voters broke for Democrats 66% to 31% in the midterms — and the Iran war cracked their top three issues

Overall, 27% of young people – meaning people ages 18 to 29 – went to the polls during the midterms, our Nov. 5 analysis shows.

By Sara Suzuki and The ConversationNovember 6, 2026
Gas was pricier on this Election Day than any before it — up almost 40% to $4.15 a gallon since the Iran war began

Right before 1974’s midterm election, Gerald Ford launched the “Whip Inflation Now,” campaign. But Republicans lost 48 House seats and five Senate seats.

By Michael A. Mische and The ConversationNovember 6, 2026
A WhatsApp channel called Lula’s Army grew from 50,000 to more than 10 million subscribers as Brazil’s president staged a historic comeback

He erased the deficit and won the all-important runoff election by more than 3.5 percentage points – more than 4 million votes.

By Anthony W. Pereira and The ConversationNovember 6, 2026
Nebraska voters block measures to legalize online sports betting, rejecting a campaign’s promise of $166 million in property tax relief

Nebraska voters narrowly rejected to legalize mobile sports betting in the state.

By Joshua HongNovember 6, 2026
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Mamdani’s pied-à-terre ‘hit list’ is as unsexy as it sounds
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RFK says he found Fauci’s diary in government archives as Fauci invokes the Fifth Amendment over 100 times
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Costco’s $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
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Obama got ‘whooped’ by a Paralympian on the basketball court — now he wants Iowa to send him to the Senate
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EEOC has indefinitely suspended all federal-sector class complaints, lawsuit claims
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AWOL Mitch McConnell challenged by his governor: ‘provide proof of your capacity to serve, or resign’
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Tapes: 3 years before he was elected, Biden talked to a ghostwriter about classified documents, showed memory lapses
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Trump broke his promise to lower—and eliminate—the national debt. A top investor thinks he’s the ‘worst-spending president in history’
Economy
Trump broke his promise to lower—and eliminate—the national debt. A top investor thinks he’s the ‘worst-spending president in history’
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FIFA’s plan to raise billions from investors is sparking a backlash: One insider says Europe is angry as it could change soccer’s balance of power
Startups & Venture
FIFA’s plan to raise billions from investors is sparking a backlash: One insider says Europe is angry as it could change soccer’s balance of power
By Allie GarfinkleJuly 28, 2026
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Bill Gates believes a billionaire's tax is the only option in the age of AI—and 'whatever's left over' can be used as a philanthropic safety netplaceholder alt text
By Eleanor PringleNovember 6, 2026
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Voters in Silicon Valley rejected the billionaire wealth tax while those in Los Angeles and San Francisco—home to the two top AI companies—wanted itplaceholder alt text
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