Famed Silicon Valley investor Ron Conway says he wants to kill California's proposed wealth tax now. "Our job is to get Gavin to negotiate this so that it doesn't get to the ballot. So, maybe they don't get the signatures," Conway told Jack Altman during an episode of Altman's "Untapped" podcast that was posted on Wednesday. Conway, the founder of SV Angel and known as "The Godfather of Silicon Valley," said that if the proposed wealth tax reaches the ballot, it "could" pass.
Main Idea: Ron Conway says California’s proposed wealth tax could still pass if it reaches voters, and he wants it stopped before that happens.
Key Points:
A California wealth tax could raise costs for very rich taxpayers and may push more assets and investment out of the state, which could affect jobs and business activity.
If voters approve the tax, California could raise money for public services,.
Rate how each entity in this article affected the American people.
Central figure in the article, speaking publicly about efforts to block the proposed wealth tax and urging negotiation.
Named governor whose opposition and negotiating position are central to the political fight over the tax.
Named former Google CEO identified as a major donor to anti-tax efforts.
Major company mentioned in connection with founders moving assets and broader tech wealth tied to the tax debate.
Host of the podcast where Conway made the remarks; included because he is part of the reported exchange.
Named Google cofounder cited as moving assets out of California in response to the tax proposal.
Named Stripe cofounder identified as a major donor to anti-tax efforts.
Named Google cofounder cited as moving assets out of California in response to the tax proposal.
Comments here are the same thread shown when this article appears in The Pulse.
No comments on this article yet.
Sign in to commentOpenAI CEO mentioned in a side anecdote about Conway’s influence and not central to the tax fight.
Mentioned because Conway is credited with helping Sam Altman hold the company together during his ouster.
Company tied to Patrick Collison and the broader tech leadership funding opposition to the ballot measures.
Briefly mentioned as the location of Conway’s courtside seats; not central to the article.