4 days ago
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Billionaire entrepreneur Mark Cuban warned Rep. Ro Khanna (D-Calif.) that a proposed 5% wealth tax on California billionaires could discourage investment and push high-value startups and their founders out of the state.
On Saturday, Khanna said the California Democratic Party and the state's labor movement joined him and Sen. Bernie Sanders (I-Vt.) in supporting the proposal.
"The California Democratic Party and the California labor movement just stood with BernieSanders and me in supporting 5% wealth tax on 250 California billionaires," he said.
He added, "California voters want a Democratic Party that will stand up for the working class over the billionaire class."
#khanna #wealth #billionaires
Billionaire entrepreneur Mark Cuban warned Rep. Ro Khanna (D-Calif.) that a proposed 5% wealth tax on California billionaires could discourage investment and push high-value startups and their founders out of the state.
On Saturday, Khanna said the California Democratic Party and the state's labor movement joined him and Sen. Bernie Sanders (I-Vt.) in supporting the proposal.
"The California Democratic Party and the California labor movement just stood with BernieSanders and me in supporting 5% wealth tax on 250 California billionaires," he said.
He added, "California voters want a Democratic Party that will stand up for the working class over the billionaire class."
#khanna #wealth #billionaires
5 days ago
California is about to find out whether taxing billionaires is an idea that works in practice the same way it works in a speech.
A ballot measure heading to voters in November is forcing that question into the open, and the fight it has triggered between a $10.6 billion investor and a sitting congressman says more about the difficulty of the idea than either man intended.
Mark Cuban spent the weekend of August 15 on X, tearing into Rep. Ro Khanna's defense of California's proposed 5% one-time tax on billionaire wealth.
What started as a policy disagreement became something more pointed, and the specifics of what each man said reveal exactly why wealth taxes that sound simple on paper tend to fall apart in the details.
The core of Cuban's argument isn't that billionaires shouldn't pay taxes. He's made clear he has no problem paying taxes. He paid $288 million to the IRS in a single year and said he was proud of it.
#taxes #billionaires #california #mark
A ballot measure heading to voters in November is forcing that question into the open, and the fight it has triggered between a $10.6 billion investor and a sitting congressman says more about the difficulty of the idea than either man intended.
Mark Cuban spent the weekend of August 15 on X, tearing into Rep. Ro Khanna's defense of California's proposed 5% one-time tax on billionaire wealth.
What started as a policy disagreement became something more pointed, and the specifics of what each man said reveal exactly why wealth taxes that sound simple on paper tend to fall apart in the details.
The core of Cuban's argument isn't that billionaires shouldn't pay taxes. He's made clear he has no problem paying taxes. He paid $288 million to the IRS in a single year and said he was proud of it.
#taxes #billionaires #california #mark
9 days ago
Rep. Ro Khanna (D-Calif.) tells Meet the Press that Congress should hold a vote on Medicare for All if Democrats regain the majority, arguing that most House Democrats would back the policy despite House Democratic Leader Hakeem Jeffries saying he would not support it.
#House #meet #democratic
#House #meet #democratic
2 months ago
By Rami Ayyub
TURMUS AYYA, West Bank, July 11 (Reuters) - U.S. Democratic lawmaker Ro Khanna said he was detained by Israeli settlers armed with U.S.-made rifles during a West Bank visit this week that he cast as an unfiltered look at the human toll of Israeli occupation as he weighs a 2028 presidential run.
Speaking with Reuters on Thursday in a Palestinian village, Khanna said his group's van was surrounded by settlers wielding M4 rifles a day earlier while touring a part of the southern West Bank where residents face frequent settler attacks.
"We were at a village that Israeli settlers had destroyed, they had destroyed the school, they had destroyed that village, and we were just looking at it," said Khanna, a progressive lawmaker from California in the U.S. House of Representatives.
"And these hoodlums come in with machine guns – M4, an American-made machine gun – and they detain us. They block off the road. And then they call the IDF and the IDF is on their side, not on the side of the Americans," Khanna said, referring to the Israeli military.
TURMUS AYYA, West Bank, July 11 (Reuters) - U.S. Democratic lawmaker Ro Khanna said he was detained by Israeli settlers armed with U.S.-made rifles during a West Bank visit this week that he cast as an unfiltered look at the human toll of Israeli occupation as he weighs a 2028 presidential run.
Speaking with Reuters on Thursday in a Palestinian village, Khanna said his group's van was surrounded by settlers wielding M4 rifles a day earlier while touring a part of the southern West Bank where residents face frequent settler attacks.
"We were at a village that Israeli settlers had destroyed, they had destroyed the school, they had destroyed that village, and we were just looking at it," said Khanna, a progressive lawmaker from California in the U.S. House of Representatives.
"And these hoodlums come in with machine guns – M4, an American-made machine gun – and they detain us. They block off the road. And then they call the IDF and the IDF is on their side, not on the side of the Americans," Khanna said, referring to the Israeli military.
2 months ago
Herbalife Ltd. (NYSE:HLF) is one of the best Seth Klarman portfolio stocks to buy. On June 25, Herbalife International India Pvt. Ltd., a subsidiary of Herbalife Ltd. (NYSE:HLF), and the Indian Institute of Technology Madras, or IIT Madras, inaugurated the Herbalife–IIT Madras Center of Excellence on Plant Cell Fermentation Technology in Chennai. This initiative marks India's first dedicated facility for translational research in this field.
Ken Wolter / Shutterstock.com
Herbalife India said in a statement that the center will be a national hub for research, development, and innovation in plant cell fermentation. Broadly, the goal is to establish India as a global leader in sustainable biomanufacturing and next-generation plant-derived wellness products, the company's statement reads.
The company said the facility combines advanced upstream cultivation systems with downstream processing and metabolomics platforms, which allow researchers to take early-stage lab discoveries and scale them up for real industrial use. Beyond research, the center is also meant to support technology transfer to companies, encourage entrepreneurship and start-ups in the biomanufacturing ***** e, and help build a skilled workforce in this emerging discipline.
Commenting on the initiative, Ajay Khanna, Herbalife India's Managing Director, said that the initiative will create "opportunities for researchers, students, and innovators to explore new applications of plant-based technologies and contribute to advancements in nutrition science."
Ken Wolter / Shutterstock.com
Herbalife India said in a statement that the center will be a national hub for research, development, and innovation in plant cell fermentation. Broadly, the goal is to establish India as a global leader in sustainable biomanufacturing and next-generation plant-derived wellness products, the company's statement reads.
The company said the facility combines advanced upstream cultivation systems with downstream processing and metabolomics platforms, which allow researchers to take early-stage lab discoveries and scale them up for real industrial use. Beyond research, the center is also meant to support technology transfer to companies, encourage entrepreneurship and start-ups in the biomanufacturing ***** e, and help build a skilled workforce in this emerging discipline.
Commenting on the initiative, Ajay Khanna, Herbalife India's Managing Director, said that the initiative will create "opportunities for researchers, students, and innovators to explore new applications of plant-based technologies and contribute to advancements in nutrition science."
2 months ago
Former FBI Deputy Director Dan Bongino accused top Democrats of putting "power" ahead of principle, insisting many have only turned on embattled Senate candidate Graham Platner after concluding he could no longer win.
"There were no principles involved here at all," Bongino told "The Ingraham Angle" on Tuesday.
"The left are the anti-anti-communist. They're just against us and whatever we stand for to advance their communist agenda, and this guy was a tool that's no longer sharp for them."
Kingmaker Mamdani Calls On Platner To 'Drop Out Of The Race' After Rape Allegation
Several Democrats and progressives, including New York City Mayor Zohran Mamdani, Rep. Ro Khanna, D-Calif., and Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., have either rescinded their support for Platner or called on him to end his campaign following a rape accusation.
"There were no principles involved here at all," Bongino told "The Ingraham Angle" on Tuesday.
"The left are the anti-anti-communist. They're just against us and whatever we stand for to advance their communist agenda, and this guy was a tool that's no longer sharp for them."
Kingmaker Mamdani Calls On Platner To 'Drop Out Of The Race' After Rape Allegation
Several Democrats and progressives, including New York City Mayor Zohran Mamdani, Rep. Ro Khanna, D-Calif., and Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., have either rescinded their support for Platner or called on him to end his campaign following a rape accusation.
