Ron Conway Mobilizes To Block Wealth Tax

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.