[rattray]

Thanks for coming back to share your perspectives.

While I agree that AB5 stifles freedom and innovation, it just doesn't compute for me that a wealth tax (especially the example of 1% over 50mm) would damage the spirit of freewheeling invention, creation, and capitalism.

As an entrepreneur, I feel much more stifled by FAANGs or regulation than the idea I might be taxed at less than my real rate of return one day.

I agree the spirit of the valley is on the decline, and part of that is due to things like AB5, but it feels more like the tech giants are just new giants, like those of the 70s, and will trend towards preservation of establishment and gradual decline as always.

A wealth tax just seems orthogonal to all that.