Topic: political resistance
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Silicon Valley's Real Reason for Fleeing California
A proposed California wealth tax targets tech founders by calculating liability based on voting control in a company, not just owned equity, potentially taxing massive paper wealth before liquidity is achieved. Critics argue the tax creates practical difficulties, like subjective valuations of pr...
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OpenAI Denies California Exit Plans Amid Regulatory Pressure
OpenAI has denied plans to leave California despite regulatory scrutiny over its proposed shift from nonprofit to for-profit status. California's attorney general is investigating whether OpenAI's restructuring violates charitable trust laws, with $19 billion in funding at risk if the conversion ...
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