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You all use Uber, DoorDash and every other tech innovation made here but now you want the creators of these services to go bankrupt doing it?? That math doesn’t math. Everyone that is potentially touched by this will now leave and all that will result is a massive hole in California’s finances that you will be forced to fill. “Come Election Day, if this proposition lands on the ballot and succeeds as written, founders throughout the industry who haven’t already left California will not only be forced to sell control of their companies, many could go bankrupt. (Yes, literally).”

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The architects of California’s “Billionaire Wealth Tax” ballot proposition quietly amended language in their proposal which, if successful, would permanently end the concept of founder-controlled startups in the state — a technology industry kill switch. https://t.co/mu7p0ShdCg

micsolana ↗
Library as of 2026-10-31