Michael Smerconish: We need to tax billionaires!!!

Sep 29, 2026

Watch Can We Agree: https://www.youtube.com/show/VLPLArM1…

Michael Smerconish sits down with economist Gabriel Zucman, author of We Need to Tax Billionaires, to examine why some of America’s wealthiest people can report very little taxable income even as their fortunes grow. Zucman explains how billionaire wealth is structured, why traditional income taxes can miss enormous amounts of economic gain, and his proposal for a minimum tax equal to 2% of wealth for people worth more than $100 million. They also discuss California’s proposed billionaire wealth tax, whether wealthy residents would simply move, and the larger debate over taxing wealth instead of income. Vote on today’s poll and subscribe to the daily newsletter at http://www.smerconish.com

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DogeDesigner: Being Aware …

BREAKING: President Trump thanked Elon Musk for envisioning the transformation of government through technology.

“I have to thank the man who envisioned the transformation of govt through technology & brought us the talent to get the job done, and that’s Elon Musk. A great guy.”

https://twitter.com/cb_doge/status/2104948825588973729/video/1

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Qatar is buying up Europe. Their tentacles in terms of taking stakes in listed and private companies are huge. They own 20% of Heathrow Airport, 20% of Volkswagen, they own 100% of Harrods. They own huge amounts of real estate in both London and Paris, explains. What about Ireland?

https://twitter.com/visegrad24/status/2105213132469911685/video/1

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Sir Doge of the Coin

How it feels to call it Super Intelligence

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DogeDesigner: Aer Lingus … Starlink

https://twitter.com/cb_doge/status/2105279240589722050/video/1

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Mossad Commentary: PILOT SECURITY UNDER SCRUTINY AFTER FLYDUBAI STABBING

https://twitter.com/MOSSADil/status/2105315481473442129/video/1

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The Harvard Gazette: Why a fight might be just what your group needs

Why a fight might be just what your group needs

Priya Parker says sometimes reckoning with buried tensions can help reconnect group to values, identity — and one another

September 29, 2026 long read

Excerpted from “The Art of Fighting: The Transformative Power of Conflict” by Priya Parker, M.P.P. ’12, published on Sept. 8 by Riverhead Books, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC. Parker is a specialist in conflict resolution who works with organizations, communities, and leaders.

When people in conflict first call me, they tend to say some version of: “Make this go away.”

I get it. Conflict is not fun. They are concerned, worried. A group of people they care about, or rely on, or live among, is in crisis.

Make this go away.

What I have learned from years of fielding these calls is that most people, including people very savvy in other areas of life, have an unhelpful mental model of what group conflict is. Perhaps they think of it as a court case, and they’re calling me, their lawyer. Make this go away. Or they think of their fight as a story about to break in the media, and they’re calling me, their crisis communications whiz. Make this go away. Perhaps they think their conflict is just troublemaking by some members or employees or parishioners, and they’re calling me, a heavy, a tough guy who is going to find the complainers and ask ominously if they’ve got a problem. Make this go away.

I try not to judge this impulse. I get it. But I also inform my callers: I don’t make things go away.

I have a different perspective. To me, “How can I make this go away?” is the wrong question to ask, because trying to stave off a fight is not always what best serves a group. Thinking of conflict as something to bury or put back in the bottle or disappear is common among group amateurs. The artful fighter knows better. Some tears in group life should indeed be quickly sewn up and forgotten about. But others are the beginning of a big, revealing, and necessary reckoning, of a struggle that will force a group to face fundamental, half-​buried questions about who they are, what they are for, and how they operate. These conflicts are unlikely to go away and will keep coming up again and again if left unaddressed.

So when people ask me to make a fight go away, I tell them it’s time to stop being afraid and start becoming curious. Why is this happening? Why is this happening to us? Why is this happening now? Why am I feeling so bad?

“When people ask me to make a fight go away, I tell them it’s time to stop being afraid and start becoming curious.”


Rebekah called me when she realized her family Passover ritual was broken. Her extended family had been gathering for the seder for some 30 years. Her grandmother, a Holocaust survivor and the family matriarch, always insisted that the family stick together. They were, as Rebekah put it, “desperate to cling to each other” and Passover Seder was the “big central thing for the whole family.” The ritual is a more-​than-​2,000-​year-​old tradition of remembering and telling the story of the Jews leaving Egypt and finding their freedom. For Rebekah’s family, “there was a lot of symbolism about slavery and redemption that for the Holocaust survivors was a really important way to express their grief,” she explained. It was often the only moment when family stories of survival were brought up at all. When she was young, Rebekah cherished the ritual and the gathering. It shaped her and so much of her family deeply.

Year after year, the whole family would witness the youngest among them ask the famous four questions of the seder. It was where family members shared important news — like a cousin who one year came out at the table. (During one hymn, the family would always joke and rhyme and make up new passages. That year, during the refrain “El bneh, el bneh,” Rebekah’s cousin Alex blurted out, “I am gay!” and without missing a beat, another family member retorted, “El bneh, el bneh, and that’s OK!”) It was where all the cousins would introduce their partners to the rest of the clan. When a niece’s chair broke under her and her new fiancé didn’t instinctively rush to catch her, the family knew the relationship was over. It was where Rebekah herself announced a pregnancy, one that she later lost.

But Passover was also where she started feeling the suffocating pressure and judgment around having kids. It was where she got stuck in the role of cooking for weeks ahead of time and throughout the festivities. And then once she finally had kids, she started to notice how sick they would all become after the late nights and frenzied days of family time. She started to feel the consequences of taking off days of work to prepare for the holiday, and then more precious days off to stay home with sick kids after the fact. It was becoming unsustainable. Like at many family holiday tables, ideological differences were also becoming more apparent. An uncle would regularly hit “reply all” to the family welcome email thread and send “long political right-wing rants,” which he would then bring to the dinner table. Then COVID‑19 hit, and the family couldn’t gather at all.

Until that moment on our Zoom call, Rebekah had been very matter‑of‑fact — almost clinical — in describing the situation. And then she got quiet. I saw that she was softly crying. When she heard the clacking of my typing stop, she looked up. “I’m so sorry,” she said. I said gently what I say on many calls: “Please don’t apologize.” And she just cried. “I don’t want to feel like this. I wish I didn’t care so much,” she said. She was articulating an unspoken assumption shared by so many people on these calls: If only she could just sidestep this part of the process. If she wasn’t bogged down by feeling so sad, she could act!

“Feelings aren’t just OK here,” I told her. “They’re crucial. They’re not an inconvenience. They’re information. They’re a natural resource. They’re energy.” As Rebekah was rationally plotting her exit from her family’s celebrations, she viscerally remembered how deeply she cared for these people.

Feelings, no matter how painful, are not bad. They are grist. You may not be able to solve what’s in front of you if you can’t be bothered to cry. Tears are the lubricant of group conflict resolution. “No More Tears” may be a great formula for kids’ shampoo, but it’s a disastrous approach to adult fights.

Rebekah was experiencing anticipatory grief trying to figure out what she should do with this messy group that she loved but where the formation was no longer working for her (and, she suspected, for others as well). In a study conducted for the National Institutes of Health, researchers found that our brains process turmoil in relationships and perceived isolation with the same pain receptors as physical attack. Often, people don’t know what to do with these feelings.

Your feelings about a group conflict are valid and normal. But they’re more than that. They’re useful and informative. In fact, when a group feels really stuck, feelings are a signal of possibility.

When you find yourself feeling fragile or hurt in the aftermath of some kind of rupture, it may be that you are experiencing something that the conflict resolution specialist Sethu Nair calls “relational longing.” It is one of the most important superpowers you can tap into when seeking to resolve and transform a conflict.

Nair is a veteran group dialogue facilitator who works at the Center for Creative Conflict Resolution in New York City. She’s the kind of facilitator who gets a call when a “flag war” breaks out in the offices of a local government agency — Black Lives Matter signs on some desks, American flags or Blue Lives Matter ones on others. Would she be willing to come in and help the staff confront the divisions within?

Nair is not intimidated by garden-​variety conflict. She’s a founding member of Hidden Water, an organization that developed trauma-​informed circles for individuals and families impacted by child sexual abuse who wanted to heal with others.

In explaining how she begins to approach a conflict, Nair says that she must find the “relational longing” at the center of the fight. This relational longing, she says, is “the only avenue of possibility” through the fight, and she believes it exists everywhere. Relational longing is the residual desire within us to connect to someone or something, even when we’re hurt or mad. “We wouldn’t even have conflict if we weren’t trying so hard to be heard,” Nair told me. “I love finding that, and it’s not so hard to find if you really listen for what people are longing for.”

We don’t fight within our groups because we hate each other and want nothing to do with each other anymore. We fight because we are yearning to be in relationship with each other still, perhaps just not in the form of relationship we are currently in. (When that’s no longer true, we don’t fight; we leave.)

Where there are strong feelings, there is energy, and energy is easier to work with than apathy. There’s a there there. Where there is some beating pulse of relationship left, even a badly arrhythmic one, there remains a possibility of transforming the bond.

The inverse is also true. If a rupture stirs no feelings in you, that is useful to know. You may have a problem in the group, but no longing to solve it.


By the end of the calls I get, if I’ve done my job well, the person feels better. Nothing may have changed in the situation, but they have begun to learn what the artful fighter knows: that when faced with the first flushes of a conflict, they must steel themselves and refuse to sweep back what is peeking out from under the rug. They must push themselves to be curious — about why they’re feeling what they are, about what areas of heat are causing their group to fracture, about what they may have failed to notice before, and about why all this may be happening now.

Once the laments recede and the real questions arise, the artful fighter is well on their way. What awaits them now is trying to figure out, through all this questioning, what they have on their hands.

Copyright © 2026 by Priya Parker

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Fortune: Robinhood just rolled out trading agents to millions—and investing may never be the same

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InvestingAI agents

Robinhood just rolled out trading agents to millions—and investing may never be the same

Jeff John Roberts

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Jeff John Roberts

Editor, Finance and Crypto

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September 29, 2026, 7:00 PM ET

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Courtesy of Robinhood

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Starting this week, all of Robinhood’s roughly 29 million customers will have access to trading agents powered by OpenAI and Anthropic. Customers will be able to choose between various OpenAI and Anthropic models, and instruct the agents to carry out trades, conduct research, and build complex investment strategies.

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The rollout, which coincided with Robinhood’s annual HOOD summit, follows a move by the company in May to release a so-called MCP tool that allows technical users to hook up their own agents to its trading platform.

While AI has been creeping into every corner of finance, Robinhood is the first to release a nontechnical trading agent for a giant customer base—a step that has the potential to alter how Americans invest, and that could have ripple effects on markets more broadly.

In a demonstration viewed by Fortune, a Robinhood user was invited to give their agent a name, and then choose either OpenAI’s GPT-6 Luna, its GPT-6 Sol, or Anthropic’s Opus 4.8.

Once configured, the user could then provide plain English instructions to the agent, which was able to execute tasks ranging from simple trades like “Buy $200 of Ford stock” to more complex assignments like “Loops.” As Robinhood explains, “you can set a Loop to check the market every morning and execute a trade when certain conditions are met, or run a continuous overnight strategy to look for opportunities while you sleep.”

Robinhood’s new offering also comes with a series of guardrails that the company says will prevent agents from behaving in an unexpected manner. Those include providing a dedicated trading account for the agent, and letting users set limits on how much the agent can trade at a time. Users can also opt for a confirmation process that requires the agents to seek final approval before executing a transaction.

The Robinhood Agents service will also provide users with free access to a series of data providers, such as Unusual Whales and the crypto-focused Token Terminal, for a limited period.

A new frontier of investing

In conversations with Fortune, Robinhood executives made the case that access to easy-to-use agents, as well as libraries of financial data, will provide users with investing tools comparable to the ones used by Wall Street. If this is the case, the arrival of Robinhood Agents amounts to another milestone in the company’s self-proclaimed mission to democratize finance.

“Ownership doesn’t work without markets, and markets don’t work without traders,” said Robinhood CEO Vlad Tenev in a statement. “We’re making Robinhood the best place in the world for active traders by delivering tools once reserved for hedge funds, big banks, and quant firms.”

At the same time, the mass release of trading agents has the potential to change investment patterns in unpredictable ways. That could include a major uptick in the volume of active trading on exchanges or the emergence of new trading strategies.

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It’s possible to imagine hypothetical future scenarios that are less rosy. For instance, what if trading agents begin to confer with one another, and move en masse into or out of a given asset? Such a scenario could, in turn, introduce greater volatility into the market or even outright panic if they involve malicious actors.

In the event that something does go wrong with agent-based trading, it’s unclear where any legal liability would fall. Robinhood’s view is that hosting agents does not amount to providing financial advice and that, when it comes to any suggestions they provide or actions they undertake, the situation is akin to the customers asking the internet or a friend. Like so much with AI, however, the legal landscape around agentic trading is still evolving.

There is also the question of how many investors will actually use the agents for trading in the first place. There are early signs, though, that they will. According to Robinhood, over 150,000 customers have already opened agentic accounts by using the more technical version of the tool the company introduced this spring. And as of late September, various agents are transacting on Robinhood’s platform nearly 30 million times a day.

While Robinhood is for now the only brokerage to offer nontechnical agents at scale, other fintech and crypto firms—including eToro, Public, and Coinbase—currently let their users connect their agents via MCP tools. It is a likely bet that these firms will soon roll out trading agents directly within their own platforms, and that, in time, conventional brokerages like Schwab and Fidelity will do the same.

In the near future, it is easy to imagine an environment where agents are placing billions of trades a day, and where ordinary investors are deploying elaborate strategies in the new corners of the market. How this affects market performance and wealth accumulation remains to be seen.

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.

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Jeff John Roberts

By Jeff John Roberts Editor, Finance and Crypto

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Jeff John Roberts is the Finance and Crypto editor at Fortune, overseeing coverage of the blockchain and how technology is changing finance.

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Axios: CEO group defends infrastructure from AI attacks; also see layout of the richest table … cohort

 💡 CEO group defends infrastructure from AI attacks
 
JPMorgan Chase CEO Jamie Dimon and Citi CEO Jane Fraser testify before Congress in 2023. Photo: Saul Loeb/AFP via Getty Images

A recently formed CEO-led coalition on critical infrastructure has added top leaders from key pillars of the American economy.

Why it matters: Growing concern about the prospect of AI-powered attacks on public infrastructure, financial institutions and essential businesses is fueling momentum for action, Axios’ Nathan Bomey writes.

🔋 The Alliance for Critical Infrastructure, chaired by JPMorgan Chase CEO Jamie Dimon, added members with heft and depth from multiple industries to ensure that AI doesn’t wreak havoc:

Financial: Citi CEO Jane Fraser, Bank of America CEO Brian Moynihan and Goldman Sachs CEO David Solomon.Tech: Amazon CEO Andy Jassy, Apple CEO John Ternus, Google CEO Sundar Pichai and Microsoft CEO Satya Nadella.

Energy and water: ExxonMobil CEO Darren Woods, Chevron CEO Mike Wirth, Southern Co. CEO Chris Womack and Xcel Energy CEO Bob Frenzel.

Communications: AT&T CEO John Stankey, Verizon CEO Dan Schulman, T-Mobile CEO Srini Gopalan, Comcast CEO Michael Angelakis and Charter Communications CEO Chris Winfrey.

Transportation: Delta Air Lines CEO Ed Bastian, United Airlines CEO Scott Kirby, American Airlines CEO Robert Isom, UPS CEO Carol Tomé and FedEx CEO Raj Subramaniam.Share this story.
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7. 🍽️ Time capsule: The richest table ever set
 
Via Truth SocialPresident Trump shared the seating chart for yesterday’s “Meeting and Luncheon on Super Intelligence” in the White House East Room.Images: The White HouseThe one-page text of the White House Accord on Super Intelligence, signed by President Trump and six tech moguls.Executive order … White House Fact Sheet.
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8. 🎒 Heftiest bear crowned
 
A brown bear known as Backpack, officially named Bear 89, wades through Brooks River in Katmai National Park & Preserve in Alaska on Sept. 8. Image from video: explore.org via APBackpack — “Lord of Lard, Earl of Girth” — won the 12th annual Fat Bear Week, officially declared the heftiest bear in Alaska’s Katmai National Park & Preserve.20 years old and packing an estimated 1,000-1,200 pounds, Backpack prevailed from a bracket of 16 chunky bears after a week of online voting. He pulled in more than 100,000 votes in the final round.The competition celebrates the resilience of 2,200 brown bears living in the Alaska Peninsula preserve.Bear 910 stands beside the Brooks River in Alaska on Sept. 9. Photo: C. Loberg/National Park Service via APAbove, the runner-up: Bear 910, the daughter of a former champion.Meet Backpack.
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Axios: Trump christens AI “constitution”. Comment: where are the women!!!!

Trump christens AI “constitution”
 
President Trump hosts tech moguls in the East Room yesterday. Photo: Jonathan Ernst/Reuters

With America’s tech titans crowded around a single White House table yesterday, President Trump extracted what he called a “morally binding” compact on AI safety, Axios’ Zachary Basu writes.

The terms were simple: Press ahead, project optimism and police yourselves.

Why it matters: The White House Accord on Super Intelligence, signed by OpenAI, Anthropic, Google, Meta, xAI and Nvidia, formalizes industry self-regulation as Washington’s response to the most alarming run of AI safety failures yet.

🖊️ Zoom in: Trump, who increasingly treats American AI dominance as central to his legacy, cast the accord as proof that an industry fractured over safety can still govern itself.

He compared the document to “a constitution,” claimed there was “a lot of commonality” among the tech leaders, and praised what he described as “tremendous self-policing.

“The one-page pact, which is deliberately light-touch, calls for “four layers of controls and auditing,” including outside evaluators and independent board oversight.

Between the lines: The accord refers vaguely to future “laws or regulations,” preserving the possibility of a tougher federal regime if ultimately needed.

Anthropic CEO Dario Amodei, a MAGA bogeyman and the industry’s most prominent advocate for slowing frontier development, signed the pact but stressed to reporters that it was only “a start

.”Trump AI adviser David Sacks, by contrast, treated the accord as mission accomplished — declaring on X that the companies were “accepting responsibility” for AI safety thanks to Trump’s leadership.President Trump and tech titans talk to reporters in the West Wing driveway after yesterday’s meeting. Photo: Kent Nishimura/AFP via Getty Images

Zoom out: The White House pact capped an extraordinary day for the AI race across three capitals of American power.

1. In Washington, Trump spent yesterday pulling AI deeper into both the machinery and mythology of his presidency.

In the morning, he unveiled America.gov, an AI-powered front door to federal services, and vowed not to “stifle” a technology he says will eclipse the Industrial Revolution.

Hours later, Trump signed an executive order directing the federal government to replace “AI” with “Super Intelligence” in official usage — and called on Congress to write the new terminology into law.

2. In Silicon Valley, OpenAI spent the day racing deeper into the age of autonomous AI while struggling to contain its risks.

At its highly anticipated DevDay, the company unveiled a sweeping slate of products designed to make AI more persistent, capable and independent in everyday life, including a new personal assistant.

But midway through Sam Altman’s keynote, an explosive New York Times report revealed that OpenAI executives had brushed aside internal safety warnings months before its models began hacking outside systems

3. On Wall Street, Anthropic’s leaked IPO prospectus distilled the surreal economics of the AI race.

According to Reuters, the company laid out a path to a valuation north of $2 trillion while warning prospective investors that its technology could pose “catastrophic or existential risks to humanity.”

Altman said OpenAI will delay its IPO until it can “make confident safety decisions” — even as the company reportedly seeks at least $30 billion in private funding at a roughly $1.4 trillion valuation.

The bottom line: Nvidia CEO Jensen Huang, seated at Trump’s right hand for the East Room lunch, supplied the day’s credo: “Trust and innovation are not in conflict. Safety is how trust is earned.” Share this story.
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