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In his latest column,

proposes a startup equity tax vs. increased income or wealth taxes as a solution to CA's budget challenges.

California’s 2020 Budget Solution: A Startup Equity Tax

In 2017 I wrote a column proposing that the Bay Area should levy a 5% equity tax on new companies and create a sovereign wealth fund for the region. The idea was to effectively create a municipal or...

Replying to

and

None of the above. CA must make budget cuts and repeal Prop 13. Taxing startups will invariably result in fewer CA startups. CA needs revenue diversification, which might actually mean subsidies in some industries. If you want to hit the wealthy, do it with luxury & real estate.

1:07 AM · Sep 6, 2020Twitter Web App