Silicon Valley Venture Capitalists: Why their disagreements with Biden aren’t totally self-interested and why they’re not afraid to attack Donald Trump

What is the greatest danger to the United States that can keep you awake at night? It may be the climate crisis, as record heat and storms show us that the clock is close to midnight on saving the Earth. Others are distressed by the precarious state of our democracy. Other citizens face issues of crime, immigration, race relations, and income inequality.

If you’re a billionaire venture capitalist likeBenHorowitz, the apocalypse looms in another form: a tax on capital gains that affects households worth more than $100 million.

I’ll explain in a second why the cofounders of Silicon Valley’s preeminent VC firm insist that their opposition to this idea isn’t totally self-interested, and why their analysis on how it would destroy the country is alarmist twaddle. In the tone-deaf 90-minute podcast released this week, they cite this part of the budget proposal by Biden as the final straw that led to their support of Donald Trump for president. The differing take on the two leading candidates for the top job, as well as their differing take on Biden’s policies, give a useful window to explain why some Silicon Valley liberals are now leaning towards Trump. A 2020 Biden donor is on that list, along with a cohosted huge fund raising event for the former president.

When they know it means alienating some friends, employees, and even their liberal mom, they wanted to explain how they came to be on opposite sides. As they detail their dislike with Biden, the decades partners seem to strive for a more believable candor. They don’t know that they’re the same people as the two soulless plutocrats in Trading Places.

Andreessen and Horowitz say that in making their choice, they are not looking closely at human rights, foreign policy, or other typical policy stuff. Since they are experts in Startups, they insist that the agenda of little tech will determine who they support. This term has become a sudden buzzword among the Trump-ites in the Valley. It mentions innovative startups that are hoping to become giant companies themselves, but that may not happen because of a powerful firm dominating the field or even worse, by regulation. J.D. Vance, Trump’s VP pick and a former VC himself, has championed this cause. The government isn’t the biggest threat to little tech according to the duo.

There’s a problem with this argument: No one has seemed to inform founders. 50,000 companies are applying to the Y Combinator to open up 500 slots. The collapse of Silicon Valley Bank didn’t have much of an impact on investment because they still invested $170 billion in over 15,000 deals. The $7.2 billion fund was raised in April. The crisis is not where it is.

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There are a few disagreements with Biden that affected the decision to go to Trump. First, they are outraged that the administration is actively policing cryptocurrency and the blockchain, an area where Andreessen-Horowitz has huge investments. Horowitz, with typical hyperbole, calls the regulation lawless and nefarious. The provisions in Biden’s executive order attempt to rein in the negative effects of huge artificial intelligence foundation models. But the “final straw,” they say, is a budget proposal that would tax unrealized capital gains at 25 percent, affecting only citizens worth over $100 million. Biden’s goal is to prevent some (non)-taxpayers from working it so their investments are never realized, allowing them to endlessly monetize their earnings by borrowing against them.

Real power in America is having control over the flow of resources. Property. Money. There is information. If you are in charge of the levers, you dictate who gets what, when, and how, as well as who has a say in it. You have the chance to decide the future of the United States. Silicon Valley CEOs and investors have publicly announced their support for Donald Trump and his running mate, Ohio senator J.D. Vance, this week, on the eve of another presidential election.

Clemons identifies as socialist but “not in like a crazy, conspiratorial way,” he jokes. He believes that the best path forward is for both sides to accept the fact that we have a capitalist past. He wants people to understand that the old ways of bureaucratic governance no longer serve us. (Clemons routinely unpacks complex issues like this on his YouTube series, #Poli-Side-Eye.)

“I think the danger in looking backward and saying, ‘Oh, there’s this point in which we had this thing, but now we don’t have it,’ is that it makes you reactionary to me. He says that it takes off your imagination because you aren’t thinking about what could be. You’re focused on trying to get back to something that happened before. You are never going to get that back. Better futures, Clemons adds, are possible, but “we have to be willing to fail.”

A businessman named Jerry Curbs The best way to understand the economy is through production—what we are producing, what we are circulating, how is what we are producing getting to people. What are we going to buy? I think it is easier to understand the motives of the very wealthy if you analyze politics through that lens.

Source: The Inevitability of Big Tech Backing Trump

What did Donald Trump do after his 2016 term as a Democrat? The impact of the tax cuts on the economy and the economy: What can we learn from his actions?

One of the things Trump did after being elected in 2016 is not yet known. Really, the only big policy platform he had were sweeping tax cuts, which was a huge giveaway to corporations and very wealthy people, particularly people who had a lot of their wealth in the stock market. Part of the reason that you’re seeing a lot of support for him now is because those tax cuts are scheduled to expire in 2025.