BLUE STATE BLUES: Minecraft billionaire is latest California resident to flee state — as he offloads $70M Beverly Hills mansion.

Minecraft creator Markus “Notch” Persson is looking to unload his $70 million Beverly Hills megamansion, becoming the latest tech billionaire to loosen his ties to California as some of the state’s wealthiest residents head for the exits.

The Swedish gaming mogul, who famously outbid Beyoncé and Jay-Z for the trophy estate in 2014, is asking exactly what he paid 12 years ago — despite pouring millions more into upgrades, according to the Wall Street Journal.

The listing comes amid a broader retreat by some of California’s richest tech figures, with billionaires including Mark Zuckerberg and Google co-founders Larry Page and Sergey Brin establishing footholds in Florida as the Golden State grapples with a proposed wealth tax to be voted on next week.

The only thing more mobile than capital is the people with oodles of it.

JOEL KOTKIN: BEGUN, THE GENERATIONAL WAR HAS.

Although conditions differ by country, the spark behind these protests lies in both the real and the fitfully imagined: high housing prices, food inflation, lack of good jobs and failing education systems are not figments of their imaginations. At the same time, cries of poverty seem a bit overwrought for a generation that enjoys the most wealth in history and, in the West at least, their protest seems to stem from being raised to think they were special, only to find out that the world is not such a welcoming place.

The new generational war is fueled by a deep pessimism among those under 40 about the future. This, noted a 2022 Pew study, is particularly marked in Japan, France and Italy, with majorities of adult parents seeing a bleaker future for the next generation by more than three to one. The United States also does poorly with 72 per cent, while Canada does even worse, clocking in at 75 per cent.

People have been telling young people their future was going to suck since I was a kid, even as society has gotten steadily richer, healthier, and safer. And rioting is unlikely to make a better future. But the people encouraging the rioting are mostly old, and do not have young people’s interests at heart.

DISPATCHES FROM AL-BRIṬĀNIYĀ:

OKAY, THIS IS HILARIOUS IF YOU LIKE BLACK COMEDY:  “That’s not funny!”

Note how closely the Communists’ references to “hurt feelings” track with American wokism. Both varieties are, I think, equally insincere. The real crime here is not hurting feelings, it is transgressing against left-wing dogma.