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A late-2025 amendment to California's wealth tax proposal treats founder control as ownership, a move that could end founder-controlled startups in the state (Mike Solana/Pirate Wires) from Techmeme RSS feed.
A late-2025 amendment to California's wealth tax proposal treats founder control as ownership, a move that could end founder-controlled startups in the state (Mike Solana/Pirate Wires)
Mike Solana / Pirate Wires:
A late-2025 amendment to California's wealth tax proposal treats founder control as ownership, a move that could end founder-controlled startups in the state — it's not a tax on “wealth,” the union's ballot prop is designed to target the very concept of founder-controlled companies …