It’s real, folks!

What do we like about billionaires? "One of the main ways to become a billionaire is by offering products and services to the public at an appealing price." —@mattyglesias.bsky.social If you tried to live without products from large corporations you'd quickly see how much they add to our lives.

It's time to take a bold stand in defense of America's oft-maligned billionaire class. www.slowboring.com/p/lets-all-p...

We've received a lot of comments from the Bluesky community tonight, so we want to take the time to clarify our positions.

Great to hear that Ro Khanna recognizes the flaws of the ballot question as-is and is trying to work out a compromise that won't hurt the startup economy.

Wealth-creating billionaires aren't the problem. Rent-seekers of all stripes are.

Billionaires get a bad rap. But most of them make our lives much better. The proposed CA Billionaire Tax Act is a tax on unrealized gains and is already driving founders out of the state. Join us Feb 7 and #MarchForBillionaires! marchforbillionaires.org

We're not categorically against taxing billionaires more. The "buy, borrow, die" loophole is real, and fixable by treating equity-backed loans as realized gains. But a tax on all assets and equity isn't the way forward.

The top 0.1% of California residents pay more than one-sixth of income taxes, and the top 1% pays 40%. California already has the highest income tax brackets in the country—it's simply not true that the rich don't pay taxes.