TLDR:
Key Points:
- Silicon Valley billionaire venture capitalists Marc Andreessen and Ben Horowitz support Donald Trump due to their opposition to a proposed tax on unrealized capital gains.
- They believe that Biden’s policies, particularly in regulating cryptocurrency and AI, threaten the technology industry and innovation.
In a recent podcast, Andreessen and Horowitz express alarm over Biden’s budget proposal that would tax unrealized capital gains at 25% for households worth over $100 million. They fear that this tax will destroy startups, venture capital, and the California tax base.
While their concerns may have merit, there is skepticism about the likelihood of this tax being implemented. The billionaire VCs appear to identify with Trump’s personality and feel disrespected by left-leaning politicians and media.
Ultimately, their support for Trump is driven by a perceived lack of respect from the “woke” forces and potential tax benefits under his administration.
