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Ron Conway Mobilizes To Block Wealth Tax
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Tech investor Ron Conway on Wednesday urged efforts to prevent a proposed California wealth tax from reaching voters, telling Jack Altman on the Untapped podcast that Gov. Gavin Newsom should negotiate to stop signature gathering. The initiative would levy a one-time 5% tax on residents with net worths above $1.1 billion; high-profile donors including Sergey Brin and Larry Page have backed anti-tax PACs that raised more than $44 million.
Scoring Rationale
Credible, industry-relevant reporting with named donors and numbers; limited novelty and narrow policy-focused impact for California tech sector.
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