Gavin Newsom

Why Silicon Valley is really talking about fleeing California (it’s not the 5%)

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If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own. Take Larry Page, who about 3% … Read more

California’s age verification bill for app stores and operating systems takes another step forward

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A California bill that would require operating system and app store providers to verify users’ ages before they can download apps has cleared the Assembly 58-0, and will now move on to Gov. Gavin Newsom, reports. The Digital Age Assurance Act (AB 1043), introduced by Assemblymember Buffy Wicks, does not require photo identification for verification, … Read more