Santa Barbara County News and Events

The billionaires telling other billionaires to shut up and pay their taxes

Kraig Pakulski 0 15 Article rating: No rating

By Nathaniel Meyersohn, CNN

New York (CNN) — Nvidia CEO Jensen Huang, who has a net worth estimated at roughly $200 billion, was recently asked about California’s wealth tax proposal that has some billionaires riled up.

“It’s fine,” he said. “I never once thought about it.”

Many billionaires are frustrated over blue states’ and cities’ attempts to raise taxes on the superrich. Silicon Valley titans Sergey Brin and Peter Thiel are spending millions to fight California’s proposal. Financier Ken Griffin called Mayor Zohran Mamdani using Griffin’s Manhattan penthouse as the backdrop for his video proposing a pied-à-terre tax “shameful.” Steven Roth, CEO of real estate giant Vornado, compared calls to tax the rich to a racial epithet.

But Huang represents a segment of the superrich who are telling their fellow billionaires to get over it. Paying taxes is a “way of giving back,” he said. He joked that the money should go to fix a specific pothole on Route 101.

Tom Steyer has also staked his campaign for governor in California on raising taxes for people like himself: “I’m the billionaire who wants to tax other billionaires.”

Billionaires are not a monolith, and their split reveals both political and generational fault lines. It also reflects differences in their views of government.

Some older billionaires, like Warren Buffett and Bill Gates, have long supported taxes on the superrich as a civic responsibility. Many younger, libertarian-leaning tech entrepreneurs doubt government’s ability to solve problems and believe they can allocate their money more effectively.

Many wealthy individuals have felt personally attacked by government actions throughout American history, but this moment feels different, said Kimberly Phillips-Fein, a historian of capitalism and New York City at Columbia University.

“Griffin, Roth and others perceive the tax as a symbol of political antagonism toward the rich,” she said. They want their contributions recognized and respected, and taxing the rich “feels to them like an unbearable personal insult” that questions their “moral virtue.”

But wealth taxes or taxes on luxury second homes wouldn’t fundamentally restructure America’s tax code at the top.

In reality, the tax system targets workers with the highest salaries— often different than the people with the most wealth. The wealthiest people in America pay lower taxes than the full population: The 25 top billionaires’ wealth rose by $401 billion from 2014 to 2018, but they paid a federal income tax rate of just 3.4%, ProPublica found.

Progressive states such as Washington, Massachusetts and now California are attempting to raise taxes on the ultrawealthy to reduce income inequality and concentrated economic and political power at the top.

However, it’s risky for individual states to overhaul their tax systems because people can leave or start businesses in lower-tax states. Wealth taxes have also been notoriously hard to administer — art, real estate and intentionally complex business partnerships are difficult to value. Wealthy people have also devised tax avoidance strategies.

“We’re living in a world that heavily burdens income earners, salaried people paying a lot of taxes. The wealthiest are given a free ride,” said Ray Madoff, a professor at Boston College Law School and the author of “The Second Estate: How the Tax

Livestreamer known for posting racist content to appear in court on attempted murder charge

Kraig Pakulski 0 10 Article rating: No rating

By Emma Tucker, Caroll Alvarado, CNN

(CNN) — A livestreamer known for posting videos with racist content online is set to appear in court Friday on charges including attempted murder after a shooting outside a Tennessee courthouse.

Dalton Eatherly, who goes by “Chud the Builder” online, was taken into custody after a confrontation with another man, who authorities have not named, escalated into a shooting outside the Montgomery County Courthouse in Clarksville on Wednesday, the Tennessee District Attorney General’s Office said.

Both men were shot and taken to nearby hospitals where they were in stable condition, the Montgomery County Sheriff’s Office said, later adding that “two adult males” were detained by deputies.

It’s not clear how many firearms were involved, how the shooting unfolded or what led up to it.

Eatherly, 28, faces additional charges including employing a firearm during dangerous felony, aggravated assault, and reckless endangerment with a deadly weapon, the sheriff’s office said.

He was being held at the Montgomery County jail without bond and is expected to appear for an arraignment and bond hearing at 9 a.m. local time Friday, according to the office of District Attorney General Robert Nash. CNN is working to determine if Eatherly has legal representation.

Eatherly’s track record on social media reveals a history of posting videos of him using racial slurs toward Black people and other minorities, including at least one instance of using force against a Black person. The streamer often refers to Black people as chimps in his online videos.

After the incident on Wednesday, Eatherly livestreamed himself speaking to first responders. He recounted walking past a group of people who Eatherly said were “laughing” and “pointing at me.” Eatherly said he was told to walk away by one unidentified man in the group, who then approached Eatherly, saying, “I have PTSD.”

“He said, ‘You start saying all that chimp out s**t to me and ‘imma hit you,’ and he hit me, he started whaling on me, even after I had to defend myself by shooting him,” Eatherly said in the video.

While officials did not provide a description of the victim, a witness who said she saw the other man being loaded into the ambulance described him as Black to the Associated Press.

Previous arrest tied to restaurant incident

His previous arrest came after another incident on Saturday, when Eatherly was kicked out of a restaurant in Nashville and later arrested and charged with theft of services, disorderly conduct and resisting arrest, according to an affidavit.

Prosecutors in that case described him as a livestreamer who “filmed content, including racially charged content” on social media, an affidavit said.

Eatherly had been asked by restaurant staff not to livestream or be disruptive inside the establishment but did so anyway, the affidavit says. When he was told to stop live streaming, Eatherly became “disruptive and started making racial statements, yelling, screaming” and causing a scene, the affidavit said.

He then refused to pay for his meal costing $371.55 after allegedly stating: “I’m not paying if you are kicking me out,” the affidavit said.

Eatherly was taken into custody a few hours later. He initially pulled his arm away when officers tried to place him in handcuffs but was then arrested without further incident, the affidavit said. He was later granted release on a $5,000 bond, according to a judge’s order.

A hearing was scheduled at the Montgomery County Courthouse Wednesday morning – where the shooting happened – in a civil case between Eatherly and Midland Credit Management Inc., court records showed, but it’s unclear whether he appeared for the hearing. He allegedly owed a debt of

Trump deja China con pocos resultados concretos, pero con una relación estabilizada. Estas son las conclusiones

Kraig Pakulski 0 18 Article rating: No rating

Por Betsy Klein, Simone McCarthy y Kristen Holmes, CNN

El presidente Donald Trump partió de Beijing el viernes por la tarde, hora local, sin señales inmediatas de que Estados Unidos y China hayan resuelto los espinosos desafíos que lastran su tensa relación, pero con una relación estabilizada con el líder chino Xi Jinping, al menos por ahora.

Los líderes abordaron diversos temas, desde Irán y Taiwán hasta el comercio, durante dos días que incluyeron intensas reuniones bilaterales. También se observaron claras muestras de diplomacia blanda, lo que marcó el primer encuentro en Beijing entre los dos rivales históricos en casi una década.

Desde su última visita en 2017, Trump ha redefinido el papel de Washington en el mundo, mientras que Xi ha reforzado su poder a nivel nacional e impulsado la transformación tecnológica de China.

“Hemos resuelto muchos problemas que otros no habrían podido solucionar, y la relación es muy sólida”, declaró Trump al inicio de la conversación bilateral el viernes, sin ofrecer detalles concretos sobre los problemas en cuestión.

Dado el deterioro de las relaciones en los últimos años, el hecho de que ambos líderes se expresaran con cordialidad y coincidieran en la importancia de sus lazos evidencia un giro hacia la estabilización en un momento en que un mundo convulso busca desesperadamente la calma geopolítica.

La guerra entre Estados Unidos e Israel e Irán planeó sobre la cumbre relámpago. Surgieron interrogantes sobre qué tipo de apoyo, si lo hubiera, estaría dispuesto a brindar Xi entre bastidores para ayudar a poner fin al conflicto que se prolonga desde hace meses y que ha sumido a la economía global en la incertidumbre sin un final claro.

Los detalles de los amplios acuerdos comerciales que Trump prometió antes del viaje siguen sin estar claros, con grandes declaraciones del presidente y algunos altos funcionarios, pero sin anuncios sustanciales confirmados por parte de China.

Y en medio de la preocupación de expertos y analistas de que Xi llegaba a la reunión con ventaja, el líder chino hizo gala de su postura sobre el tema de Taiwán.

Pero la visita también brindó la oportunidad de redefinir el tono de la tensa relación entre Estados Unidos y China. Xi extendió una alfombra roja, tanto literal como figurada, que cautivó y deleitó a su invitado, demostrando una cálida conexión.

“Creo que pasará a la historia como un momento muy importante. Y quizás, más que nada, un gran momento de respeto”, reflexionó Trump durante una entrevista con Fox News.

Antes de las conversaciones, había grandes expectativas de que el presidente estadounidense pudiera presionar a su homólogo chino para que ayudara a resolver el conflicto con Irán.

China es un socio diplomático cercano de Irán y el principal comprador de su petróleo, y se ha posicionado como defensor de la paz durante toda la guerra. El tema formó parte de las más de dos horas de conversaciones entre los dos líderes el jueves, pero Trump se marchó sin una señal clara de Beijing de que estuviera dispuesto a presionar a Teherán para que accediera a las demandas estadounidenses.

En cambio, los comentarios de ambas partes hasta el momento sugieren que la cumbre no ha tenido un impacto significativo.

Trump declaró a Fox News que Xi ofreció su ayuda para resolver el conflicto y se comprometió a no proporcionar equipo militar a Irán. El secretario de Estado, Marco Rubio, en una entrevista aparte con NBC News el jueves, afirmó que Estados Unidos no solicitó la ayuda de China para resolver el conflicto.

Un comunicado emitido por la Casa Blanca también indicó que ambos países acordaron que el estrecho de Ormuz debe permanecer abierto y que Irán nunca podrá poseer un arma nuclear.

Asimismo, señaló que Xi “dejó clara la oposición de China a la militarización del Estrecho y a cualquier intento de cobrar un peaje por su uso

El costo de vida en EE.UU. pesa sobre los votantes latinos, mientras crece el descontento con la economía

Kraig Pakulski 0 14 Article rating: No rating

Por María Santana, CNN en Español

Al salir de un supermercado latino en Nueva York, Esmeralda Roustand sacude la cabeza con frustración.

“Ahí hay casi 20 dólares y no hay nada,” dice esta madre y abuela dominicana de 60 años, mientras muestra una pequeña bolsa con apenas dos jugos de naranja y un almuerzo de pollo con guineítos. “Si vas a comprar comida, la comida está cara y ni hablar de la vivienda. Uno no puede pagar un apartamento porque están extremadamente caros”.

Como ella, cada vez son más los latinos que dicen sentirse agobiados por el costo de la vida en Estados Unidos, incluso mientras algunos indicadores continúan mostrando resiliencia económica.

Roustand tiene dos hijos adultos y tres nietos en República Dominicana. Trabaja como asistente en el hogar y parte de su sueldo lo envía regularmente a su familia en la isla. Pero, en medio del aumento en los precios de alimentos, renta y transporte, asegura que se ha vuelto más difícil ayudar económicamente a los suyos mientras logra mantenerse a sí misma. “Por más que uno quiere estirar el peso, uno no puede, porque el peso no da más,” dijo Roustand.

Para muchos en esta comunidad, la presión financiera no se mide en gráficos ni estadísticas, sino en las bolsas del supermercado que cada día pesan menos. En la renta que sigue subiendo, aunque el salario no alcance. En las salidas sociales canceladas.

“Cada mes tengo que checar si puedo comer fuera o no, si tengo para pagar la renta”, dijo Juan Galván, un joven estudiante universitario en Nueva York. “Tengo que ajustar cuándo puedo salir con amigos y básicamente estar encerrado para disfrutar el apartamento por todo lo que se está pagando”.

Las inquietudes de los hispanos en Nueva York no son aisladas. Una nueva encuesta de CNN muestra que el costo de vida y la inflación continúan siendo de las principales preocupaciones para los estadounidenses rumbo a las elecciones intermedias.

El sondeo destaca que un 55% desaprueba el manejo de la economía por parte del presidente Donald Trump, mientras que más de siete de cada diez desaprueban su desempeño frente a la inflación y los precios de la gasolina.

La inflación anual subió al 3.8% en abril, según el más reciente Índice de Precios al Consumidor publicado por la Oficina de Estadísticas Laborales, alcanzando su nivel más alto en casi tres años, y el precio promedio nacional del combustible supera los US$ 4,50, de acuerdo con AAA.

Michael Negrón, investigador sénior en el Center for American Progress y exasesor económico de la Casa Blanca bajo la administración de Joe Biden, asegura que el impacto de la inflación suele sentirse de forma desproporcionada dentro de la comunidad latina, porque gran parte de sus ingresos está destinada a necesidades básicas.

“Los latinos están siendo particularmente afectados por la inflación que estamos viendo”, dijo Negrón. “Según cifras de la Oficina de Estadísticas Laborales, los hispanos gastan una mayor parte de su presupuesto en comida, casi un 15%, y alrededor del 8% en gastos de energía, cifras muy por encima del promedio nacional”.

Según Negrón, los hogares latinos también suelen depender más del automóvil y recorrer distancias más largas que otros grupos para llegar al trabajo.

“Cuando el precio de la gasolina sube entre un 40% y un 50%, afecta a todos, pero afecta más a los latinos”, explicó Negrón. “Cuando los precios de las necesidades básicas- alimentos, electricidad y gasolina- son precisamente los que más rápido están subiendo, hay un impacto significativo en las familias”.

Para muchos consumidores, ese impacto se resume en una sola frase: cada día gastas más por menos.

“Antes, con US$ 100 hacías una compra y te llevabas un carrito lleno. Pero ahora, la llevas aquí en la mano, dos funditas nada más”, dijo José Rosario, quien lleva siete años trabajando en Hamilton Meat Market, una carnicería y sup

Auditions for the next James Bond are finally underway

Kraig Pakulski 0 16 Article rating: No rating
Pierce Brosnan's outings included

By Lianne Kolirin, CNN

(CNN) — The name’s Bond, James Bond. But what’s the name of the next person who’ll be playing him? That’s the question fans have been asking for years and the wait for an answer may soon be over.

Auditions have finally begun for the next instalment in the blockbuster movie franchise, according to a statement from Amazon MGM Studios.

The production company issued a short statement Thursday with early details of plans for the new movie, including the announcement that the search for a new leading man — or perhaps even woman — has begun.

“The search for the next James Bond is underway,” said the statement published online, adding that the “casting process has just begun.”

Noting that it won’t be sharing specific details while the auditions are being held, the company went on to say “we’re excited to share more news with 007 fans as soon as the time is right.”

Speculation about who will don the tuxedo of Hollywood’s most famous spy has been mounting for years, with the likes of A-listers Idris Elba, Henry Cavill and Cillian Murphy floated as potential successors to Daniel Craig, whose last outing in the role was in 2021’s “No Time to Die.”

Others who are hotly tipped to be in the running are British actors Callum Turner, Aaron Taylor-Johnson and Harris Dickinson, and Australian star Jacob Elordi.

Last year it was announced that creative control of the series based Ian Fleming’s novels — was being handed off from longtime producers Michael G. Wilson and Barbara Broccoli to Amazon MGM Studios.

The first person to play 007 was Sean Connery with “Dr. No” back in 1962 and six further films. Others who have taken the wheel of the famed Aston Martin are George Lazenby, Roger Moore, Timothy Dalton, Pierce Brosnan and, most recently, Craig, who also starred in “Casino Royale” (2006), “Quantum of Solace” (2008), “Skyfall” (2012) and “Spectre” (2015).

And while the new film may have neither a name nor a star just yet, some details have been released, including that it will be directed by Oscar-nominated Denis Villeneuve.

The French-Canadian filmmaker, best known for his work on “Blade Runner 2049,” “Arrival” and the “Dune” movies, will work with executive producer Tanya Lapointe and producers Amy Pascal and David Heyman. The script is being written by Steven Knight, whose credits include “Peaky Blinders,” “Eastern Promises” and “Dirty Pretty Things.”

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CNN’s Jack Guy and Dan Heching contributed to this report.

The post Auditions for the next James Bond are finally underway appeared first on News Channel 3-12.

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