Billionaires prioritize tax avoidance and wealth preservation above everything else
Adam Bonica writes: The billionaire revolt against Harris’s endorsement of a proposed 25% minimum tax on unrealized gains for fortunes exceeding $100 million perfectly illustrates how this single issue overrides all other political considerations for the ultra-wealthy. Marc Andreessen warned the proposal would “kill startups and venture capital” and even “kill the California tax base,” calling it “insane” and something that would “single-handedly crush the economy.” Elon Musk similarly railed against it, tweeting, “Eventually, they run out of other people’s…