Business

It’s time to block reckless AI IPOs and tax billionaires | Naomi Klein and Ilana Glazer

Despite the sunny economic forecast coming from the Trump administration, millions of Americans are struggling to find and keep jobs, getting crushed under the rising cost of living, and losing health insurance when they need it the most.

✦ Extractive summary — built from the sources' own reporting•From 1 source•1 min read•Updated November 2, 2026, 10:00 AM UTC
Key points
  • Nearly 1,000 billionaires live and do business in the United States.
  • We cannot let the billionaire class take unprecedented risks with our future America is a divided country in crisis.

Today, the combined wealth of nearly 3,000 global billionaires equals one-fifth of the entire world’s yearly output.

Meanwhile, via corporate consolidation and political corruption, the billionaire class is getting richer faster than ever before: a 40% increase in wealth in just the last two years.

How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →

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