Silicon Valley billionaires coordinated campaign to defeat California wealth tax proposal
By
Emily Shugerman
Summary
A private Signal chat group of Silicon Valley elites — including Sergey Brin, Marc Andreessen, Garry Tan, and others — strategized to fight a proposed California wealth tax that would impose a 1% annual tax on billionaires' net worth. The group brainstormed messaging, media strategies, and political opposition, then separately worked to destroy the tax proposal through lobbying, campaign donations, and public pressure. The article reveals internal tensions, the coordinated effort by tech billionaires to protect their wealth, and the successful defeat of the tax measure.
Source
bskySilicon Valley billionaires coordinated campaign to defeat California wealth tax proposalsfstandard.comKey quotes
· 3 pulledThe members of the chat, some of whom are reported here for the first time, read like a Forbes list of Silicon Valley elite.
On a private Signal chat, a who's who of tech elites brainstormed strategies to fight a proposed California wealth tax — then set out separately to destroy it.
The group brainstormed messaging, media strategies, and political opposition, then separately worked to destroy the tax proposal through lobbying, campaign donations, and public pressure.
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