Truthout
A Wall Street Consensus Was on Display at the G7 Summit
Leaders failed to address income inequality or climate change but entertained wealthy AI and fossil fuel executives.
Far Left
Democracy Now!
G7 Summit Highlights Global Economic System "Captured" by Billionaires: Oxfam
Far Left
World leaders are returning home from the annual G7 summit, having failed to address issues such as income inequality, climate change and territorial conflict, while entertaining the wealthy executives of the artificial intelligence and fossil fuel industries. Oxfam International Executive Director Amitabh Behar calls the G7 “a club of the super-rich super-elites” and slams the summit’s focus on business, and business as usual, at the expense of humanitarian efforts and improving the lives of “the common people.”
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New York Post
Ron DeSantis issues dire warning on California billionaire tax
California’s controversial billionaire tax measure has secured enough signatures and qualified to appear on the November ballot.
Right
Blaze Media
California 'billionaire tax' proposal will likely appear on November ballot — even Newsom opposes
A California proposal that would implement a one-time tax on the state’s wealthiest residents has qualified to appear on the ballot in November, according to Secretary of State Shirley Weber.The so-called billionaire tax exceeded the required signature threshold Wednesday and is expected to be certified by Weber on June 25. The health care union behind the proposal, Service Employees International Union-United Healthcare Workers West, still has the option to withdraw the proposal before the confirmation deadline.‘I’ll do what I have to do to protect the state.’If enacted, the proposal would impose a tax of up to 5% on the net worth of California billionaires, with the full rate applying to those worth more than $1.1 billion, retroactive to anyone with primary residency in the state as of Jan. 1, 2026. Certain exemptions exist, including directly held real estate and qualifying retirement accounts.The proposal also requires that 90% of the collected revenue be spent on health care, with the remaining 10% divided between education and food assistance spending. The estimated revenue that would be raised is $100 billion. Supporters of the tax claim the money would assist in covering budget shortfalls caused by federal funding cuts in the One Big Beautiful Bill Act, Trump’s signature budget legislation that was passed last year. The proposal’s website says it would prevent the closure of hospital emergency rooms and nursing homes across the state. Rep. Ro Khanna (D-Calif.) and Sen. Bernie Sanders (I-Vt.) have been avid supporters of the tax, believing it will reduce wealth inequality, and Nvidia CEO Jensen Huang said he is “perfectly fine” with paying the tax. The Tax Foundation estimates that Huang would potentially owe $8.5 billion to the state. RELATED: Gavin Newsom cries political witch hunt — but are feds focused on an alleged $1.5M nonprofit pipeline to wife's business? Patrick T. Fallon/AFP/Getty ImagesHowever, many notable Democratic officials and organizations have come out in opposition to the tax. Governor Gavin Newsom told the New York Times, “This will be defeated,” adding, “I’ll do what I have to do to protect the state.” Even the California Teachers Association and Planned Parenthood Affiliates of California are not supporting the proposal. Critics argue that the tax will further repel job creation and investment, worsening the exodus of wealthy residents and corporations from the state.Google co-founders Larry Page and Sergey Brin have already moved portions of their assets and business structures out of California, and Palantir co-founder Peter Thiel reportedly has been considering leaving the state as a result of the tax proposal.Come November, the proposal would require only a simple majority to pass, if certified next week.Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
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Washington Examiner
Cuba expands private business permits in emergency economic plan
The Cuban Communist Party approved an emergency economic reform package on Thursday aimed at opening parts of the island’s tightly controlled economy as the government grapples with a deepening economic crisis and renewed pressure from the United States. The move came one day after Cuban President Miguel Diaz-Canel convened an unscheduled session of the Communist […]
Center Right
WSJ.com : U.S. News
Proposed California Billionaire Tax Clears Key Hurdle on Way to Ballot
The development sets up a showdown between the healthcare workers’ union pushing the levy and the political, business and labor leaders fighting it.
Center
The Gateway Pundit
‘Israel Is Our Only Friend in the World’: Sen. Kennedy Defends Israel After Trump G7 Slap (VIDEO)
Congressional reporter Myles Morell contributed to this report President Trump’s extraordinary public rebuke of Israeli Prime Minister Benjamin Netanyahu at the G7 summit has ignited fresh tensions inside the Republican Party — and Sen. The post ‘Israel Is Our Only Friend in the World’: Sen. Kennedy Defends Israel After Trump G7 Slap (VIDEO) appeared first on The Gateway Pundit.
Far Right
Raw Story
Bronze-free Trump's 'startling' appearance at the G7 gave the game away: analysis
A Salon columnist said Thursday that President Donald Trump looked so worn out at this week's Group of Seven summit in France that his appearance revealed more about his standing than the Iran agreement he traveled there to tout.In a column published this week, Heather Digby Parton wrote that the 80-year-old president seemed unusually low on energy in Evian-les-Bains, a setting where his meetings with European leaders have turned combative. She opened by recounting that Trump had stayed late celebrating his birthday at a UFC event on the White House lawn before flying to the summit. "Trump really looks worn out. On Tuesday, he appeared to have forgotten his usual bronze makeup, which was a startling sight. His energy is notably low, especially for a gathering like this one; meetings with Europeans usually turn him combative and hostile," she wrote.Parton tied that flagging energy to what she described as a weakened position, writing that the president is "still smarting" from Western leaders' refusal to back his war with Iran and is now promoting the memorandum of understanding he signed as proof he is a hero, even as, in her telling, he "lost the war and is desperate to get out of it." Another op-ed similarly argued that Trump's leverage is fading as the midterms approach.The column noted the agreement would extend a ceasefire for 60 days, reopen the Strait of Hormuz, lift sanctions on Iranian oil and establish a $300 billion reconstruction fund for Iran while pushing nuclear talks into future negotiations. Trump signed it during a dinner hosted by French President Emmanuel Macron at the Palace of Versailles, a choice of venue that drew its own mockery.Trump called Versailles "the real deal" and speculated that he might add a hall of mirrors to his planned White House ballroom. Parton's broader read echoed a conservative commentator who said Trump stumbled into a war he is now desperate to exit.
Far Left
Bloomberg Politics
NATO Deploys SAMP/T Missile System to Turkey in Boost to Defense
NATO deployed an Italian SAMP/T missile-defense system in the central Anatolian city of Konya to reinforce the alliance’s air defense, Turkey’s Defense Ministry said on Thursday.
Center