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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

3

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

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

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

News

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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

Delaware Chancery CourtP

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

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

More in Politics

Latest stories from Fortune

More NewsPage 33 of 100

Photo of Speaker of the House Mike Johnson.

The Republican-controlled House just passed a stock trading bill — that exempts Trump’s 3,600 Q1 trades

By Joey Cappelletti and The Associated PressJuly 23, 2026

‘The most cross-partisan issue I’ve ever seen in my life’: Republicans are so exposed on data centers that even Texas is going up for grabs

By Marc Levy and The Associated PressJuly 23, 2026

Trump signed a nuclear deal with Saudi, then rewrote its terms on social media to include Israel

By Aamer Madhani, Collin Binkley, Michelle L. Price and The Associated PressJuly 23, 2026

Battleground House district to feature former New York Jets kicker — and the former NFL doctor who treated him for 2 years

By Jonathan J. Cooper and The Associated PressJuly 23, 2026

Trump dismissed affordability as a word ‘made up by the Democrats’ and promised oil would come ‘tumbling down’—then it hit $100 a barrel

By Nick LichtenbergJuly 23, 2026

All hail London—whatever the U.K.’s new Prime Minister says

All hail London—whatever the U.K.’s new Prime Minister says

By Kamal AhmedJuly 23, 2026

Michael Muthukrishna: The ‘lone genius’ myth is wrong and it’s holding back your business

By Michael MuthukrishnaJuly 23, 2026

President Donald Trump makes a statement on the census with Secretary of Commerce Wilbur Ross (L) in the Rose Garden of the White House on July 11, 2019 in Washington, DC.

Trump faces a catch-22 on Iran because of midterms, says his former commerce secretary: Face inflation furor or withdraw and look weak

By Eleanor PringleJuly 23, 2026

Hasbro’s growth strategy isn’t just about kids anymore—it’s about ‘kidults’

Hasbro’s growth strategy isn’t just about kids anymore—it’s about ‘kidults’

By Phil WahbaJuly 23, 2026

Lamine Yamal of the Spanish National Team poses with the FIFA World Cup trophy following Spain's victory in the World Cup Final.

Personal Finance

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

By Joshua HongJuly 23, 2026

Medicaid Services administrator Dr. Mehmet Oz speaks before Vice President JD Vance at the Wisconsin Air National Guard facility at Milwaukee Mitchell International Airport.

Trump admin deferring $1 billion-plus Medicaid payments to California and Minnesota amid ‘suspected fraud’

By The Associated Press and Ali SwensonJuly 22, 2026

‘It’s called StreetEasy, not StreetHard’: Mamdani cracks down on scourge of ‘housefishing’ and ‘real estate slop’

‘It’s called StreetEasy, not StreetHard’: Mamdani cracks down on scourge of ‘housefishing’ and ‘real estate slop’

By Tatiana SatauaJuly 22, 2026

Canadian Prime Minister Mark Carney speaks to US President Donald Trump in front of a window.

Carney and Trump agree to speed up trade negotiations a day after Trump puts a 50% tariff on Canadian goods

By The Associated Press and Jim MorrisJuly 22, 2026

Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding

Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding

By The Associated Press and Moriah BalingitJuly 22, 2026

Fired an hour after being sworn in, former Seattle U.S. attorney sues Trump administration

Fired an hour after being sworn in, former Seattle U.S. attorney sues Trump administration

By Eric Tucker and The Associated PressJuly 22, 2026

Tiny Texas town sues to block Trump’s border wall that it says threatens the Rio Grande’s flood levees

Tiny Texas town sues to block Trump’s border wall that it says threatens the Rio Grande’s flood levees

By The Associated Press and Rebecca SantanaJuly 22, 2026

Trump

Trump approves Saudi nuclear deal that could allow uranium enrichment as U.S. wages war to end Tehran’s program

By The Associated Press, Aamer Madhani, Michelle L. Price and Jon GambrellJuly 22, 2026

Mamdani fails to arrest Netanyahu while insisting ‘war criminal’ isn’t welcome in New York City

By The Associated PressJuly 22, 2026

Trump’s third tariff tantrum piles more dizzying distractions on top of ever-spiraling failures

By Jeffrey Sonnenfeld and Steven TianJuly 22, 2026

orson

We got California to intervene about OpenAI’s corporate switch from nonprofit status. It’s time for the SEC to come to the table

By Orson Aguilar and Catherine BracyJuly 22, 2026

Anthea Hartig, Director of the National Museum of American History, looks to her left at a House Committee.

Smithsonian director denies ‘woke’ label from Trump while defending exhibit on teen’s gender-identity diary

By Steven Sloan and The Associated PressJuly 21, 2026

Trump says ‘we’re gonna help’ Lebanon as he moves to restore direct flights after four-decade hiatus

Trump says ‘we’re gonna help’ Lebanon as he moves to restore direct flights after four-decade hiatus

By Kareem Chehayeb and Will WeissertJuly 21, 2026

U.N. reports Southeast Asia’s criminal networks are using tech to build a global illicit economy

U.N. reports Southeast Asia’s criminal networks are using tech to build a global illicit economy

By The Associated PressJuly 21, 2026

Anthropic to pay authors $1.5 billion over pirated books used to train Claude in first major AI copyright settlement

Anthropic to pay authors $1.5 billion over pirated books used to train Claude in first major AI copyright settlement

By The Associated PressJuly 21, 2026

Defense Secretary Pete Hegseth sits and speaks at a Senate Committee Hearing

‘Without these funds, we face critical shortfalls’: Hegseth on additional defense spending following $37.5B Iran War price tag

By The Associated Press and Lisa MascaroJuly 21, 2026

kid lying down on phone

Lawmakers say they’re protecting kids—but their age checks are quietly building an ID requirement for the entire internet

By Catherina GioinoJuly 21, 2026

Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister

Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister

By The Associated PressJuly 21, 2026

Bill Gates called meeting Epstein a ‘grave error in judgment.’ A new review shows the Gates Foundation still met with him about 30 times

Bill Gates called meeting Epstein a ‘grave error in judgment.’ A new review shows the Gates Foundation still met with him about 30 times

By James Pollard and The Associated PressJuly 21, 2026

Federal civil rights agency votes to scrap 60-year-old workforce diversity reporting rule

Federal civil rights agency votes to scrap 60-year-old workforce diversity reporting rule

By The Associated Press, Claire Savage and Alexandra OlsonJuly 21, 2026

Kid watching social media

France adopts bill to ban kids under 15 from using social media

By The Associated PressJuly 21, 2026

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Most Popular

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

placeholder alt text

By Eleanor PringleNovember 6, 2026

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

placeholder alt text

By Jason MaNovember 6, 2026

Florida voters nearly tripled the homeowner tax break — blowing an $11.8 billion hole in county budgets

placeholder alt text

By Abigail Hall, Aaron D. Wood and The ConversationNovember 6, 2026

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