Feb. 25, 2026
Could proposed billionaire tax threaten Silicon Valley's economic dominance?
A proposed one-time 5% wealth tax on California's roughly 200 billionaires is sparking debate over whether it will fund health care -- or drive the tech founders who built Silicon Valley out of the state for good.
Five years ago, Redwood City technology attorney Boris Feldman wrote an article mocking the "comic eulogies" for Silicon Valley as the nation slowly emerged from the COVID-19 pandemic.
"The common reaction here to disruption and innovation is to embrace it and strive for leadership, not cower in denial," he wrote in the Bloomberg article, downplaying the bids for the crown by Texas and Florida by citing California's inherent strengths, including its worker ...
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