David Sacks calls California wealth tax 'an asset seizure,' says it's 'not a one-time, it's a first time'

Tech Insider : Economy, Business
David Sacks speaks during an event at the White House
AI czar David Sacks

Alex Brandon/AP

What business leaders are saying — and doing — about California's proposed billionaire tax

Tech Insider : Politics, Business, Crypto
Palmer Luckey, Jensen Huang, and Elon Musk are pictured.
Palmer Luckey, Jensen Huang, Elon Musk, and more have commented on California's billionaire tax proposal.

PATRICK T. FALLON/AFP via Getty Images; Isaac Wasserman/NCAA Photos via Getty Images; Patrick T. Fallon / AFP via Getty Images

David Sacks sees 2 cities replacing NYC and SF as finance and tech capitals

Tech Insider : Business, Crypto
White House AI and crypto czar David Sacks speaks with President Donald Trump.
White House AI and crypto czar David O. Sacks speaks with President Donald J Trump before he signs an executive order about pediatric cancer research and artificial intelligence, in the Oval Office at the White House on Tuesday, Sept 30, 2025 in Washington, DC.

Jabin Botsford/The Washington Post via Getty Images

White House AI Czar says Trump isn't trying to force data centers on communities that don't want them

Tech Insider : Politics, Business, Crypto
David Sacks
"Preemption would not force communities to host data centers they don't want," White House AI and Crypto Czar David Sacks wrote on X.

Jabin Botsford/The Washington Post via Getty Images

Sriram Krishnan's White House role stirred hope among Indian immigrants in Silicon Valley. Then came the backlash.

Tech Insider : Business, Crypto
Sriram Krishnan
Sriram Krishnan

Lea Suzuki/The San Francisco Chronicle via Getty Images

The PayPal Mafia includes tech titans like Elon Musk, Peter Thiel, and Reid Hoffman. Here's where its members are now.

Tech Insider : Business, Crypto, Politics
Peter Thiel
Peter Thiel, left, and Elon Musk, are two members of the so-called "PayPal Mafia."

Associated Press

The right-wing side of Silicon Valley is railing against Harris' economic speech before it even happens

Tech Insider : Politics, Economy
Marc Andreessen standing with his hands out
Marc Andreessen was among those to bash the proposal on social media.

Michael Kovac/Getty Images

LinkedIn cofounder Reid Hoffman takes aim at venture capitalist David Sacks for his support of Donald Trump

Tech Insider : Politics
Reid Hoffman (left) and David Sacks (right)
Earlier this month, David Sacks posted an open letter on Twitter in support of Donald Trump, which LinkedIn cofounder Reid Hoffman, in a scathing public rebuttal, took apart line by line.

Getty Images/Reuters

Silicon Valley is warming up to Donald Trump

Tech Insider
Republican presidential candidate, former President Donald Trump speaks at a campaign rally in Wildwood, N.J., May 11, 2024.
Former President Donald Trump.

Matt Rourke / AP Photo

Trump's guilty verdict isn't scaring off his donors

Tech Insider : Politics
Trump smiles
Former President Donald Trump.

Scott Olson/Getty Images

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