Sanders and Khanna just introduced a 5% annual wealth tax on unrealized gains that would hit America's 938 billionaires—including the founders building Silicon Valley in Khanna's own district. The proposal joins a pattern of federal moves worth watching: Airbnb cofounder Joe Gebbia is now redesigning every digital surface of the US government as America's first Chief Design Officer, while AOC's former chief of staff is burning through $1.5M of his own money trying to buy Nancy Pelosi's old seat—and getting zero votes from local Democrats.
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.