Topic: political resistance

  • Silicon Valley's Real Reason for Fleeing California

    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 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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