View: California’s billionaire tax is a referendum on the tech industry
Semafor · Reed Albergotti ·
Many Americans are focused on social media’s impacts on children, anxiety over AI, and the political backlash toward data centers
Reed’s view
Putting California’s billionaire tax on the ballot, which was trailing in early results but remained too close to call Wednesday, may have felt like a crusade against the rich and powerful.
But the measure is also a referendum on the state’s homegrown tech industry, which is confronting an American public who no longer feels that technological advancement is always making their lives better.