> wealth tax

This isn't directed at your excellent comment, but about wealth tax in general (and the proposed California version specifically);

Should we tax the very people who are literally creating the future before they've even done so?

The progressive views on a wealth tax are an incredibly shocking blind spot, esp on this site, begun by those who are immersed in startups and believers that risking (venturing?) to pursue tech ventures can bring about a more excellent future for everyone, not just the founders. We dare to imagine a future that does not exist, and then we believe in it until it does.

If anything, we want to lubricate that path, not add friction. Hitting the VC's or founders who've made it hits everyone, all the way down the line.