Staff Reports
Silicon Valley investors are shifting their support from President Joe Biden to former President Donald Trump, slamming Biden’s anti-growth plans that have left them feeling as sour as a lemon on a hot summer day.
Keith Rabois, a big shot at PayPal and other tech companies, ain’t feeling the love for Biden, but he’s not exactly throwing a party for Trump either. He’s gunning for a Republican takeover in Congress instead. Joining him in the anti-Biden camp are tech tycoons like David Sacks, Chamath Palihapitiya, and Marc Andreessen, who are fed up with Biden’s tax-the-rich schemes and tight regulatory grip.
Silicon Valley Investors Back Trump: 'Impossible to Support Biden' https://t.co/tsbE8wUSAA
— Biff Smallberries (@B_Smallberries) May 24, 2024
These tech big shots are not impressed with Biden’s 25 percent “billionaire tax” or the FTC’s crackdowns. They have a bone to pick with SEC’s Gensler too. Andreessen, the bigwig at Andreessen Horowitz, warns of troubles ahead under Biden. He believes Trump’s team would bring a fresh perspective to these regulatory agencies.
Ben Horowitz, the other half of Andreessen Horowitz, is all in for lawmakers who dream big about a shiny, high-tech future. Sacks, the ex- COO of PayPal, is so anti-Biden that he’s throwing a fundraiser for Trump and bringing him on his podcast for a chat. The drama is real in Silicon Valley as these tech folks ponder hard about their voting choices, fretting over Biden’s tax plans that might sink their startup dreams.
Palihapitiya of Social Capital is teaming up with Sacks to host a fundraiser – talk about a power duo! The tides are turning as Silicon Valley elites rethink their loyalties, recalling the days when voting for Trump was a social sin. Will they give in to the allure of Trump once more? Time will tell, my dear readers, so stay tuned for the next episode of “Tech Titans vs. Biden’s Brainchildren.”
