California News:
Elon Musk and David Sacks recently held a secret billionaire dinner party in Hollywood, because of a purported major political realignment as Silicon Valley money turns against Biden and begins flowing to Donald Trump, Puck reported.
Everything is economic. And even billionaires, who are smart enough to make billions, get tired of paying too much for everything. Biden Administration policies are harming everyone – the working poor up to the very wealthy Silicon Valley entrepreneurs.
The guest list reportedly included Peter Thiel, Rupert Murdoch, Michael Milken, Travis Kalanick, and Steven Mnuchin, Trump’s treasury secretary.
The gathering was held at entrepreneur and investor David Sacks’ home in the Hollywood Hills in April, Puck reported. Sacks is one of the tech entrepreneurs in the entertaining, stimulating, funny and seriously interesting “All-In” Podcast.
The dinner party conversation largely revolved around how to raise money to defeat Democrats, a source told Puck, the Independent UK reported.
This meeting comes as the Biden treasury department announced that because blacks and hispanics do not own as much property and stocks as whites, they would raise capital gains taxes on the wealthy to “equalize” the wealth.
Larry Kudlow just posted a podcast with economist Steve Moore and business analyst Liz Peek on to discuss this very issue. Kudlow was appalled and said a low capital gains tax is so important for business creation and job creation, and noted that capitalism is color blind. (Liz Peek and Steve Moore | 05-04-24 – Apple Podcasts)
Steve Moore, also appalled, asked why the government would not instead have a program to expand ownership to blacks and hispanics. He said, instead, they want to bring the white number down.
“It’s why JFK talked about rising tides, not lowering tides so everyone is poor,” Moore said.
Liz Peak reminded them that the Biden Administration mandated that every agency in the federal government come back with a racial equity plan – even Treasury – because of the “wealth gap.”
Surely this is being closely watched by the Silicon Valley entreneurs.
The gathering was branded “anti-Biden” by Puck but was not specifically in support of former president and presumed Republican nominee, Donald Trump.
There is a tectonic shift taking place across the country, with blacks and hispanics already trending toward more conservative candidates, and especially Donald Trump. And it is because of economics – when Trump was president black unemployment was at a record low. Everyone had more in their bank accounts and 401(k) plans, and inflation was at a record low.
Throw in the nightmare at the border, and the Biden administration is quickly becoming toxic.
Here is the Larry Kudlow podcast: Liz Peek and Steve Moore | 05-04-24 – Apple Podcasts
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Author: Katy Grimes
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