AOC's claim that "you can't earn a billion dollars" is drawing sharp pushback from Y Combinator's Paul Graham, who spent two decades evaluating founders and says the data flatly contradicts her. The clash is the latest flashpoint in an ongoing debate over wealth, innovation, and how federal politicians understand the economy they're regulating. Sanders and Khanna's proposed 5% annual wealth tax on unrealized gains—a policy that already failed across Europe—is also back in the mix, raising the stakes for Silicon Valley founders and the companies that employ them.
AOC says you can't earn a billion dollars. Paul Graham, who spent 20 years predicting which founders become billionaires, has the data to prove her wrong.
Sanders and Khanna want to tax money that doesn't exist on assets you can't sell. The only proportionate response was a one-act play.
Asked point-blank why the US dominates tech while Europe stagnates, the Senator pivoted to healthcare and homelessness. The honest answer would destroy his worldview.
Joe Gebbia went from selling cereal to fund a startup to becoming the nation's first Chief Design Officer. Now he's fixing government.
Saikat Chakrabarti—architect of the 'dark money' operation he rails against—is trying to buy Pelosi's seat. Local Democrats aren't having it.
When nearly all your campaign cash comes from outside your district, who are you really representing?
Former supporters organize against the congressman as his wealth tax crusade threatens to tank the Bay Area economy.