Tech Bros Are Getting What They Deserve — After Backing Left for Years
California’s tech oligarchs should take some responsibility for their long-term backing of leftist economic policy.
California’s tech oligarchs are portraying themselves as victims, as the left clamors to tax their wealth away. Perhaps they should take some responsibility.
Once widely admired as feisty disrupters, these super-rich moguls now define the establishment in California, a state with more billionaires than any other. And it is an establishment under threat. The tech oligarchs used to create hundreds of thousands of jobs in the state. But now, as they focus on AI as “the next big thing”, big players like Meta and Google have aggressively cut payrolls while announcing big profits. Overall, the state’s tech workforce, under pressure everywhere, is shrinking faster than anywhere in the country, notes economist Gad Levanon. Since 2022, the state’s share of high-tech jobs has dropped from 19 to 16 percent. So even as the oligarchs get ever richer, the California public gets the short end of the stick. Newsom crows about California as “an economic powerhouse,” but residents suffer the country’s highest cost-of-living adjusted poverty rate, the highest functional illiteracy, and the worst housing unaffordability in the continental U.S. The state that has the nation’s most billionaires now ranks as the single worst state in terms of creating jobs that pay above average.
Politics
%20Richard%20Samuelson%20%20-%20Is%20American%20Nationalism%20Still%20Creed-able_-1.jpg)
Is American Nationalism Still Creed-able?
We are not there now, but there is reason to worry that the United States is in danger, if we are not careful, of ceasing to be a nation with the principles of 1776 at its core.
National Civitas Institute Poll: Americans are Anxious and Frustrated, Creating a Challenging Environment for Leaders
The poll reveals a deeply pessimistic American electorate, with a majority convinced the nation is on the wrong track.
.webp)
%20(1).avif)
.png)
.png)
.png)
.png)
Losing—and Recovering—Our Religion
America's flagship universities are producing graduates who cannot comprehend their own civilization.
A Permission Structure for Violence
It is not enough to personally eschew violence. As a society, we must condemn and punish it as well, wherever it comes.
