Tommy Vietor

We're talking about like 200 people, right?

Like 200 billionaires in California.

If they all left the state, do they all really have that much income that gets taxed?

Like Jeff Bezos famously pays himself 80 grand or something.

And has since 1998.

But all of his wealth is in often unrealized gains in Amazon stock, right?

Which is not getting taxed no matter what happens.

It's like, how do we get at that money?

Yes.

And there's so many carve-outs for farms.

And it's like tens of millions of dollars is already exempted from the wealth tax.

It's insane that we are not focusing more on that.

So you're the mayor of a city at the heart of the American tech industry.

In a past life, you worked in the tech industry.

Americans, I think, increasingly have a negative view of a lot of tech companies, right?

I mean, as recently as 2015, Pew found that 71% of Americans thought technology companies had a positive effect on the country.

By 2019, that was down to 50%.

Now you're seeing AI explode onto the scene.

People are worried about that.

the data centers.