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Event Brief

Silicon Valley Rich Fear Union That Could Make Them Pay Billions

A California wealth-tax plan faces opposition from billionaires and Governor Newsom, driven by a powerful union.
WHO: Silicon Valley billionaires, Governor Gavin Newsom, a union
WHAT: Opposition to a California wealth-tax plan
WHEN: Jan 20, 2026 at 8:00 AM ET
WHERE: California
WHY: To address wealth inequality and generate revenue
Sources (1): Bloomberg

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