Source: Independent Institute
by Daniel Sánchez-Piñol
“This November, voters will decide on the California Billionaire Tax Act (Prop 40), which would retroactively impose a 5 percent tax on the wealth of residents worth more than $1 billion. Its supporters say it could raise $100 billion, even though several billionaires have already left the state or plan to. Beginning in 2020 and intensifying in 2021, a tidal wave of entrepreneurs and businesses left California, including tech billionaires Elon Musk and Larry Ellison. It’s not hard to see why: the state’s high taxes, heavy regulations, and increasingly contentious political climate have made it clear that success is not welcome.” (10/09/26)
“One is doing a bit of cynical pandering, the other is condemning anyone opposed to the tech future—and neither is willing to look in the mirror.” (10/09/26)
“In February 2003, the intelligence that August Hanning’s service had handed to Washington turned up in Colin Powell’s presentation to the United Nations Security Council, in the case for invading Iraq. On the morning of 6 October 2026, masked officers walked Hanning, now eighty, out of his house near Münster in handcuffs, on suspicion of attempted treason and espionage. The secrets that undid him had been sitting on a hard drive in that house, and some of them had been shared with Berlin by its allies. The United States is the first of those allies.” (10/09/26)
“The U.S. ends its military campaign in Baghdad after 23 years of fighting. The campaign cost 4,418 US troops their lives and will end up costing nearly $3 trillion through 2050.” (10/09/’26)
“Christa Pike has been discharged from hospital and returned to a Tennessee women’s prison after surviving the US state’s attempt to [kill] her by lethal injection, her lawyers said on Saturday. The 50-year-old is back in the Deborah K. Johnson Rehabilitation Center where she had been incarcerated for 30 years. She had been in hospital since September 30 when officials administered two doses of pentobarbital in an attempt to [kill] her. Pike was sentenced to death for the 1995 beating and stabbing of her classmate, Colleen Slemmer.” (10/10/26)
“As the midterm elections approach, it’s safe to say that things don’t look great for Donald Trump’s Republican Congressional majority. He has responded by the usual threats and bluster, but also by promising to send voters money. Now, it should be said that politicians make promises all the time – to voters in general or to more specific constituents. This is part of the process. But sending out quick payments to voters right before an election, and promising a big payday if voters deliver his party a victory, are highly unusual moves.” (10/09/26)
