A Wealth Tax That Will Work! Two likely contenders for the 2028 Democratic presidential nomination have taken opposite sides on California’s proposed wealth tax. One of them is dead wrong................ Governor Gavin Newsom opposes the wealth tax. Ro Khanna, who represents Silicon Valley in the U.S. House, favors it. ................ The wealth tax is a good idea and should be replicated across the country. ................ If the wealth tax measure qualifies for the November 2026 ballot and is enacted by California voters, it would levy a 5 percent tax on the wealth of the state’s roughly 200 billionaires. It would direct 90 percent of those funds to California’s Medicaid recipients and the institutions that serve them (with the remaining 10 percent going to the state’s K-12 schools). ................ when Massachusetts passed a “millionaires tax” in 2023, conservatives claimed the rich would flee. But two years later, they hadn’t — and Massachusetts had collected $5.7 billion for infrastructure and public education. ............... the California proposal is a one-time-only tax and would be levied exclusively on billionaires’ net worth in 2025. So even if they decide to move to the Virgin Islands, they’ll still be liable for 5 percent of their wealth in 2025. (They can stretch out their payments over the next five years, but their payments will still be based just on their net worth in 2025.) .................... The sums they’ll owe are readily calculable, since about 72 percent of billionaires’ wealth is in their ownership of publicly traded stock. As they do with their payment of income taxes, billionaires would file their wealth taxes themselves in 2027 (assuming the measure had been enacted the previous November) based on their net worth in 2025. The state can audit those returns if its estimates of their fortunes are significantly at variance with those filings. ...................... The politics of this couldn’t be better, given that 15 million Californians on Medi-Cal (the state’s version of Medicaid) are losing much if not all of their health insurance because of cutbacks imposed by Trump and congressional Republicans — who, again, redirected those funds to massive tax cuts for the rich. ................. Californians have until June to collect the required number of valid signatures — roughly 874,000 — to place it on the November 2026 ballot. ...................... The wealth tax isn’t the final answer to America’s disgraceful inequalities of wealth and income, of course, but it’s a start — and any start is better than no start at all. ........... It may open the way to further reforms to rein in the obscenely rich — raising inheritance taxes, raising capital gains taxes, taxing rich people when they borrow against their assets (without ever selling them) to pay for their living expenses, and closing giant loopholes like the step-up basis (which allows people to pass on to their heirs their capital gains and never be taxed on them). ............... These efforts are essential not only to funding what most Americans need but also to preserving our democracy. Huge wealth at the top poisons our politics, as Elon Musk continues to demonstrate. ...................... concentrated wealth is inseparable from concentrated power .......... as the rich have become richer, their campaign contributions, public-relations hacks, and “think tanks” have resulted in changes in laws governing taxes, monopolies, labor unions, fraud, insider trading, and much else that has enabled them to become far richer. .......... Efforts such as this also offer powerful reminders that even with Trump lording over America like a giant slug, positive change can and will still happen at the state (and city) level.
Silicon Valley’s Ultimate Exit is here. San Francisco is the new Detroit.
“I did not expect every man I spoke with to be considering an exit, and I was actually shocked to find this applied even to the men most historically outspoken about the unique importance of California.” https://t.co/TA83rawa6l
A bold question to ask. I am not sure an answer is even possible. Too early. Somehow I feel there is plenty of room for all four. And more. I mean, look at the explosive growth. If each can be unique, each can flourish. Now let me go read your article.
FROM SILICON VALLEY TO STARTUP CITIES The techxit is on, and not a moment too soon. Now that Elon, Larry Page, and Peter Thiel are all safely out of the failed state of California, anyone who's still there by choice is just in denial about the reality that San Francisco is the… pic.twitter.com/OjoUCXzE6K
I have been briefed on the Record Cold Wave and Historic Winter Storm that will be hitting much of the United States this weekend. The Trump Administration is coordinating with State and Local Officials. FEMA is fully prepared to respond. Stay Safe and Stay Warm! President DJT https://t.co/t524rfMjvj
The perpetual uncertainty around H-1B visas should be seen as a signal - return to India and build amazing things in your own country, in a fertile environment of endless opportunity and boundless talent. 🇮🇳🚀 https://t.co/8v9u6OVA5n
Thanks for helping the new YC batch with your personal notes on Don’t Die. With superintelligence around the corner, we can choose new games, all of which require longevity
His name is Alex Jeffrey Pretti. He was 37 years old. He was a licensed nurse. He was recording ICE and defending a female protester from their aggression.
37 year old Alex Pretti was a registered nurse that worked at the VA. he was killed trying to protect minnesotans. we are letting the worst americans kill the best americans. https://t.co/sssxkHjI4Y
🚨🚨🚨 ICE HAD FULLY SIEZED THE VICTIMS GUN BEFORE EXECUTING HIM🚨🚨🚨
You can see the agent in the light jacket pull the gun from the victim and walk away, and then ICE proceeded to offload multiple rounds into him. pic.twitter.com/doR17YMYCq
Minneapolis Mayor Jacob Frey: "I just saw a video of more than 6 masked agents pummeling one of our constituents and shooting him to death. How many more residents, how many more Americans need to die or get badly hurt for this operation to end?" pic.twitter.com/9f2Dtx7jeS
“Get your f—king guns and stop these f—king people”
A Minnesota Antifa member-turned-social media influencer and online recruiter named Kyle Wagner is urging his comrades to take up arms to kill agents of the federal government. His recruitment videos are on @instagram, which… pic.twitter.com/TUTZqZQdcT
A new video appears to show the moments leading up to a fatal shooting by federal agents in Minneapolis, with the individual appearing to simply record on his phone as agents escalated the situation.
Shame on every single House member (including the 7 dems) who voted to fund this killing mob. Cold blood killing in our streets. Some even clapping +cheering.
I am so sick of fake ass people who say they uphold our Constitution. No you don't if you fund this madness.
ICE just killed another person in Minneapolis. This is absolutely sickening. Donald Trump needs to get his unqualified, untrained, violent agents the hell out of Minnesota IMMEDIATELY. https://t.co/9VJOuh2ynn
Sayre: "My background is in international humanitarian response in conflict zones in Yemen, Haiti, Syria, Iraq, and Ukraine. What I've seen here is what I've seen there. A powerful entity violently and intentionally terrorizing people." pic.twitter.com/C4U7PCFgXE
The FBI just informed me that on January 28, I will once again come face to face with yet ANOTHER man who tried to assassinate me on U.S. soil. This man was hired to kill me at a university in Connecticut, where I was scheduled to give a talk about the situation… pic.twitter.com/o89MdvryM6
If someone had predicted before the last election that if Trump won, federal officers would be shooting Americans in the streets, he'd have been dismissed as an alarmist.
I want to thank our courageous friends in Minnesota who — in below freezing temperatures — are standing up to ICE. The American people want democracy and justice, not authoritarianism. When we stand together we win. pic.twitter.com/KXCy6eJsYO
Solid summary! 😀 1 GW to $10B ARR ratio will hopefully get even more efficient as they optimize at the various model, GPU, data center build and supply chain layers.
The fact that hyperscalers are at 10-12 GW after 15 years is sobering.
If there was ever a moment for libertarians and conservatives to step up and join the rest of us, we’re in it.
Americans have to unite and stop this descent from a freedom-loving nation into the kind of place where masked, militarized government agents are sent to politically…
I’m devastated. A good friend and dormmate of mine, Amin Pourfarhang, has been sentenced to death after protesting in Iran 😭 He’s one of the kindest people I’ve ever known.
Please share. Visibility raises the cost for the Islamic Republic and may stop this execution! pic.twitter.com/vTICpTiN9o
The reliability of the US government was the foundation of post-war international trade and diplomacy. What a strange thing it would be if this stopped being so because of the character of one man. Usually changes on that scale are due to deep historical forces.
Trying to predict the outrages of autocrats is hopeless because their superpower is to generate constant shocks to dominate the environment. But what’s happening in Minnesota is method, not madness. Trump wants violence, to radicalize & divide, to create pretext for crackdowns. https://t.co/91yqhi8np3
Having lived through a similar, nationwide version of this in Trump's model, Putin's Russia, it’s not easy to fight against. And Trump and many of his gang have passed the point at which they feel they can afford to lose power, even in Congress. It’s a perilous moment.
To be clear about what this depicts: An immigration officer threw a woman onto the ground. Alex Pretti, a registered nurse on scene as a legal observer, is filming and goes to help the woman up. He is then pepper sprayed and thrown to the ground for no discernible reason. Many…
Every Democratic member of Congress should be on a plane to Minneapolis right now to join the people protesting in the streets. Federal elected officials should physically place themselves between the public and these dangerous thugs sent to terrorize this American city.
In a recent chat with a Gemini VP regarding hiring philosophy, one trait he emphasized: the combination of low ego and high competence. We are no longer in an era defined by individual papers or claims of ownership. Success today requires a 'last mile' mindset—a relentless focus…
I am under massive attack by so-called Western “geopolitical analysts” who say nothing about Khamenei and the IRGC massacring at least 20,000 innocent, unarmed Iranians , yet feel entitled to lecture me about my country and family inside Iran. You have lying, because of the… https://t.co/BjDRz38MCN
This is awful. ICE should leave Minneapolis immediately and an investigation should be held to determine responsibility. These are American citizens being shot and killed on our own streets. https://t.co/wJe7m4lrQp
NEWS: A Tesla Model S just drove itself from Los Angeles to New York with zero disengagements.
Owner Alex Roy and a team of independent autonomy experts just completed the 3,081 mile trip on FSD V14.2.2.3 with no disengagements. They were hands-off for the entire trip, including… pic.twitter.com/AoJKerXX9Y
Another murder in Minneapolis Trump's domestic army continues its rampage. We must fight back. .......... This is the third shooting involving federal agents in the city this month, including the murder of Renee Good, 37, on Jan. 7. .......... The person who was killed is believed to be a 37-year-old man, an American citizen who lived in Minneapolis.......... At least 10 shots appear to have been fired within five seconds. .............. Minneapolis Mayor Jacob Frey said he saw a video of the shooting. “How many more residents, how many more Americans, need to die or get badly hurt for this operation to end?” he asked, adding that “a great American city is being invaded by its own federal government.” .......... There are now 3,000 ICE and Border Patrol agents in Minneapolis, a city whose own police force numbers 600. ........... It’s becoming harder for Americans to tell themselves that Trump is only going after “hard-core criminals.” Or even “illegal immigrants.” Or even Latinos. Or Black people. Or communists or “radical left extremists.” ......... He’s coming after all of us. ......... He’s coming after all of us who oppose his tyranny and brutality. All of us who defy his dictatorship. All of us who challenge his out-of-control, murderous goons. .......... All across America, we must rise up against this oppression as peacefully but as definitively as we possibly can.
I’m not voting to fund this lawless violence.
Trump’s abuse of power is tearing us apart. We have three years left of this presidency, and either we stand up and protect our democracy now, or we risk going down a path that is unthinkable, will hurt countless people and do… https://t.co/weWxkgajT2
What’s happening in Minnesota is appalling—and unacceptable in any American city. Democrats sought common sense reforms in the Department of Homeland Security spending bill, but because of Republicans’ refusal to stand up to President Trump, the DHS bill is woefully inadequate to…
This is an insightful article by Vice President Thiru CP Radhakrishnan Ji on the greatness of Netaji Bose and also interesting details about Netaji’s association with Tamil Nadu.@VPIndia@CPR_VPhttps://t.co/nZuLccMdVt
In my 2000 @nytimes interview... "to a time when human thought melds with computer intelligence, blurring the lines between people and machines". And not sure TCP/IP for the internet would have happened left to the big telecoms. Not one wanted or was developing large TCP/IP…
Netaji’ Subhas Chandra Bose’s ‘parakram’ must guide Bharat’s path to progress Prime Minister Narendra Modi has consistently emphasised the need to shed the colonial mindset. This vision is reflected in the government’s observance of Netaji’s birth anniversary as Parakram Diwas ............. A profound insight into Netaji’s personality comes from a remarkable tribute by Gurudev Rabindranath Tagore in 1939. He hailed Subhas Chandra Bose as deshnayak — the leader of the nation. Gurudev observed that in troubled times, a country needs the strong hand of an inspired and valiant leader. In Netaji, he saw a rare fusion of courage, vision and moral force. .................. When conventional paths appeared inadequate to achieve Independence, Netaji charted his own course, transforming the freedom struggle into an international movement through the Indian National Army. He asserted, “There is no power on earth that can deprive us of our birthright of liberty any longer.” This belief found expression in the INA. ................ Netaji’s clarion call —“Give me blood, and I will give you freedom”— resonated deeply across regions and communities of India, especially the people of the southern regions, the Tamils in particular. The deep emotional and ideological bond between Netaji and the Tamil people became one of the strongest pillars of support for the INA and the freedom movement. Netaji’s popularity also resonated powerfully with Tamil communities in Malaya, Burma and Singapore. .............. From the early 1920s, Netaji recognised the political importance of the Madras Presidency in the Indian national movement. As a Congress organiser and national leader, he engaged closely with political workers in the region. Netaji’s visits to Madras (now Chennai) and other centres of the presidency were marked by large public meetings and enthusiastic receptions, particularly by students and the politically conscious youth. .............. On September 3, 1939, Netaji arrived at Madras Central Station, where he was received by supporters, including lawyer and freedom fighter S Srinivasa Iyengar and Pasumpon U Muthuramalinga Thevar. Taken in an open jeep to “The Peak”, the residence of civil engineer S P Ayyaswamy Mudaliar, he was followed by a sea of supporters. That evening, he addressed a massive public meeting at Marina Beach. ............... During this visit, Pasumpon U Muthuramalinga Thevar, a close associate of Netaji, emerged as a key leader of the Forward Bloc in Tamil Nadu. Often remembered as the “Bose of the South”, he played a significant role in mobilising Tamil support for the INA. He also founded a Tamil weekly magazine, Netaji. ................. In a stirring address at the Padang in Singapore in 1943, Netaji urged women to join the struggle, declaring that this must be a truly revolutionary army. His words deeply moved Tamil Indian women in Malaya, many of whom had endured hardship on rubber plantations. Despite having never seen India, nearly a thousand of them volunteered for the Rani of Jhansi Regiment. .................. Janaky Thevar, only 14 when she first heard Netaji speak, donated her diamond earring to the INA and later rose to a senior leadership position in the Rani of Jhansi Regiment. Saraswathi Rajamani, often regarded as one of India’s youngest women intelligence operatives, joined the INA at 16 and served with distinction. In keeping with Netaji’s egalitarian vision, women trained and served alongside men, and caste divisions were rejected. ................ Alongside these leaders stood countless unnamed Tamil soldiers and labourers from Ramanathapuram, Tirunelveli, Madurai, Sivaganga, Tiruchirappalli and Cuddalore, who answered Netaji’s call from Malaya, Burma and Singapore.
Deeply moved by this overwhelming support, Netaji is believed to have remarked that if he were to be born again, he would wish to be born a Tamilian.
............... Prime Minister Narendra Modi has consistently emphasised the need to shed the colonial mindset, honour India’s values and freedom fighters, and
advance towards true freedom of the mind and spirit.
This vision is reflected in the government’s observance of Netaji’s birth anniversary as Parakram Diwas, the renaming of historic islands in the Andaman and Nicobar Islands in his honour, and the installation of his statue at Kartavya Path.
ICE is sending masked men to snatch up little kids. One of them was just five years old.
This was downtown Minneapolis today. People protesting against ICE in -9 degree weather and the crowd is huge. This is what real patriotism looks like! pic.twitter.com/IbQTcnSa7f
St. Paul, Minn. (Jan. 18) — A far-left, anti-ICE extremist stands on the street with a rifle. He believes it will deter federal law enforcement action. Leftists have been encouraging one another to take up arms to kill ICE. pic.twitter.com/Pr0pt20Nh4
Just a friendly reminder that you can reinvent yourself at any age. There’s no rule saying “you must remain the person you are forever.” If you want to change your job, move cities, get in shape, start a business, or all of the above… you can do it. You don’t need permission to…
I’ve always viewed my angel investments less as high-confidence bets on returns and more as front-row seats to watch founders take their shot at building something meaningful.
Look, whatever happened today in Minneapolis, at the very least (least!) a good leader of this country would offer a state of compassion and make clear that deaths on U.S. soil are tragic and that they are having a briefing with ICE to develop a strategy to minimize tragedies.
100% agree with India's Economic Survey that we need age limits on social media now. It's frying kids' brains, decreasing productivity and focus, and will result in a generation of children that are chronically online and incapable of real-world hard work. This is not how we…
I'm being accused of overhyping the [site everyone heard too much about today already]. People's reactions varied very widely, from "how is this interesting at all" all the way to "it's so over".
To add a few words beyond just memes in jest - obviously when you take a look at…
This is the story of three deep tech founders from IIT Delhi. 𝗧𝗮𝗻𝗺𝗮𝘆 𝗕𝘂𝗻𝗸𝗮𝗿. 𝗔𝗻𝘂𝗷 𝗞𝘂𝗺𝗮𝗿 𝗕𝗮𝗿𝗻𝘄𝗮𝗹. 𝗦𝗮𝗿𝗶𝘁𝗮 𝗔𝗵𝗹𝗮𝘄𝗮𝘁.
About seven years ago, when they walked into my office at IIT Delhi, they had very little to show. No product. No revenues.… pic.twitter.com/EYam4XkahY
They should gun for the July 4th fireworks market across the US. Fireworks are so old school. Enter drones displays. Tiny drones. Full of lights. No gaps. 30 minutes of non stop display. You can do so much more. Make the sky dance. Dazzle. Multi billions in revenue.
India won’t beat China tomorrow. But fifty years from now, the outcome will look obvious. China’s rise was built by capitalism, not authoritarianism—and when control returned, decay followed. India took the slow, messy democratic path:… pic.twitter.com/7qs1p8LGBq
— Ken Cao-The China Crash Chronicle (@Ken_LoveTW) January 30, 2026
This morning we’re launching @soontechnology with our first weekly documentary. Today’s follows @RainmakerCorp on an early morning cloud seeding mission and learns more about their team of earnest young men.
I want to tell you about our mission at Soon by explaining how this… https://t.co/ZrrlrXVJp1
We cannot have a fair market for AI when Google leverages their search monopoly to see 3.2x as much of the web as OpenAI, 4.8x as much as Microsoft, and more than 6x as much as nearly everyone else. Most data wins in AI. Google needs to play by the same rules as everyone else. https://t.co/5fNYpLtcTY
Chamath. I need you to invest. AI + Marketing https://t.co/5SOfy3pYop#pleaseinvest P.S. Enjoyed your talk with Lutnick. I was amused Lut thinks you are Indian.
I am apparently extremely unimpressed by moltbook relative to many others.
We’ve had AI agents for a while. They have been posting AI slop to each other on X. They are now posting it to each other again, just on another forum.
In every case, the AIs speak with the same voice.…
GDP growth, not GDP, is where the best entrepreneurial opportunities are to grab revenue from new value creation. Much of "old GDP" has incumbents entrenched and harder for entrepreneurs! China growth will be engineered to go to Chinese companies, and India is more up for grabs… https://t.co/ItSkOzQb6w
From hundreds of marriage conversations with NRIs - The hardest life is not in India or abroad - It’s first-generation NRI life! Not because of money. Because you belong nowhere.
Not fully Indian anymore. Never fully local abroad. Better air, better systems, but permanent…