Donald Trump and Silicon Valley's Billionaire Elegy - Steven Levy looks into the recent trend of Silicon Valey big wig VCs like Marc Andreessen and Ben Horowitz changing their allegiance from the Democrats & Biden to the Republicans & Trump. It appears to centre around Biden’s idea to impose 25% capital gains tax on unrealised assets for folks earning more than $100 million per year. They are trying to close a loop hole where the very rich never pay taxes by never realising their assets but monetize them by borrowing against them. They argue that it’s a slipery slope that starts with the very rich, but eventually canibalises wealth from all wealthy households. The argument is that it destroys philantropy and ultimately Silicon Valley itself. Interesting article, no less because Levy appears to be a staunch Democrat. Big changes in the tectonic plates of the tech industry. www.wired.com #