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silicon valley
Khanna Hits Back as Silicon Valley Oligarchs Threaten Primary Challenge Over California Billionaires Tax
"We cannot have a nation with extreme concentration of wealth in a few places, but where... healthcare, childcare, housing, education is unaffordable," the San Francisco lawmaker said.
Dec 28, 2025
US Rep. Ro Khanna defended California's proposed tax on extreme wealth Saturday after a pair of prominent Silicon Valley venture capitalists threatened to launch a primary bid for his California House seat.
The proposal, which advocates are gathering signatures to place on the ballot in 2026, would impose a one-time 5% tax on those with net worths over $1 billion to recoup about $90 billion in Medicaid funds stripped from the state by this year’s Republican budget law. The roughly 200 billionaires affected would have five years to pay the tax.
While higher taxes on the superrich are overwhelmingly popular with Americans, the proposal has rankled many of California’s wealthiest residents, as well as California’s Democratic Gov. Gavin Newsom, who said earlier this month that he’s “adamantly” against the measure.
On Friday, the New York Times reported that two of the valley's biggest powerbrokers—venture capitalist and top Trump administration ally Peter Thiel and Google co-founder Larry Page—were threatening to reduce their ties to California in response to the tax proposal.
This has been a common refrain from elites faced with proposed tax increases, though data suggests they rarely follow through on their threats to bail on cities and states, even when those hikes are implemented. Meanwhile, the American Prospect has pointed out that the one-time tax would still apply to those who moved out of the Golden State.
Khanna (D-Calif.), who is both a member of the House's progressive faction and a longtime darling of the tech sector, has increasingly sparred with industry leaders in recent years over their reactionary stances on labor rights, regulation, and taxation.
In a post on X, the congressman reacted with derision at the threats of billionaire flight: "Peter Thiel is leaving California if we pass a 1% tax on billionaires for five years to pay for healthcare for the working class facing steep Medicaid cuts. I echo what [former President Franklin D. Roosevelt] said with sarcasm of economic royalists when they threatened to leave, 'I will miss them very much.'"
Casado, who donated to Khanna’s 2024 reelection campaign according to OpenSecrets, complained that “Ro has done a speed run, alienating every moderate I know who has supported him, including myself.”
"Beyond being totally out of touch with [the moderate] faction of his base, he’s devolved into an obnoxious jerk," Casado continued. "At least that makes voting him the fuck out all the more gratifying."
Casado's post received a reply from another former Khanna donor, Garry Tan, the CEO of the tech startup accelerator Y Combinator.
"Time to primary him," Tan said of Khanna.
Tan, a self-described centrist Democrat, has never run for office before. But he is notorious for his social media tirades against local progressives in San Francisco and was one of the top financial backers of the corporate-led push to oust the city's liberal former district attorney, Chesa Boudin, in 2022.
Casado replied: "Count me in. Happy to be involved at any level."
Progressive commentator Krystal Ball marveled that “Tech oligarchs are now openly conspiring against Ro Khanna because he dared to back a modest wealth tax.”
So far, neither Casado nor Tan has hinted at any concrete plans to challenge Khanna in 2026. If they did, defeating him would likely be a tall order—since his sophomore election in 2018, a primary challenger has never come within 30 points of unseating him.
But Khanna still felt the need to respond to the brooding tech royals. He noted that he has "supported a modest wealth tax since the day I ran in 2016," which prompted another angry retort from Casado, who accused the congressman of "antagonizing the people who made your district the amazing place it is" with a tax on billionaires.
Khanna hit back at his critics with a lengthy defense of not just the wealth tax, but his conception of what he calls "pro-innovation progressivism."
"My district is $18 trillion, nearly one-third of the US stock market in a 50-mile radius. We have five companies with a market cap over $1 trillion," Khanna said. "If I can stand up for a billionaire tax, this is not a hard position for 434 other [House] members or 100 senators."
"The seminal innovation in tech is done by thousands, often with public funds," Khanna continued. "Yes, we need entrepreneurs to commercialize disruptive innovation... But the idea that they would not start companies to make billions, or take advantage of an innovation cluster, if there is a 1-2% tax on their staggering wealth defies common sense and economic theory."
"We cannot have a nation with extreme concentration of wealth in a few places, but where 70% of Americans believe the American dream is dead and healthcare, childcare, housing, education is unaffordable," he concluded. "What will stifle American innovation, what will make us fall behind China, is if we see further political dysfunction and social unrest, if we fail to cultivate the talent in every American and in every city and town... So, yes, a billionaire tax is good for American innovation, which depends on a strong and thriving American democracy."
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Billionaire Palantir Co-Founder Pushes Return of Public Hangings as Part of 'Masculine Leadership' Initiative
"Immaturity masquerading as strength is the defining personal characteristic of our age," said one critic in response.
Dec 07, 2025
Venture capitalist Joe Lonsdale, a co-founder of data platform company Palantir, is calling for the return of public hangings as part of a broader push to restore what he describes as "masculine leadership" to the US.
In a statement posted on X Friday, Lonsdale said that he supported changing the so-called "three strikes" anti-crime law to ensure that anyone who is convicted of three violent crimes gets publicly executed, rather than simply sent to prison for life.
"If I’m in charge later, we won’t just have a three strikes law," he wrote. "We will quickly try and hang men after three violent crimes. And yes, we will do it in public to deter others."
Lonsdale then added that "our society needs balance," and said that "it's time to bring back masculine leadership to protect our most vulnerable."
Lonsdale's views on public hangings being necessary to restore "masculine leadership" drew swift criticism.
Gil Durán, a journalist who documents the increasingly authoritarian politics of Silicon Valley in his newsletter "The Nerd Reich," argued in a Saturday post that Lonsdale's call for public hangings showed that US tech elites are "entering a more dangerous and desperate phase of radicalization."
"For months, Peter Thiel guru Curtis Yarvin has been squawking about the need for more severe measures to cement Trump's authoritarian rule," Durán explained. "Peter Thiel is ranting about the Antichrist in a global tour. And now Lonsdale—a Thiel protégé—is fantasizing about a future in which he will have the power to unleash state violence at mass scale."
Taulby Edmondson, an adjunct professor of history, religion, and culture at Virginia Tech, wrote in a post on Bluesky that the rhetoric Lonsdale uses to justify the return of public hangings has even darker intonations than calls for state-backed violence.
"A point of nuance here: 'masculine leadership to protect our most vulnerable' is how lynch mobs are described, not state-sanctioned executions," he observed.
Theoretical physicist Sean Carroll argued that Lonsdale's remarks were symbolic of a kind of performative masculinity that has infected US culture.
"Immaturity masquerading as strength is the defining personal characteristic of our age," he wrote.
Tech entrepreneur Anil Dash warned Lonsdale that his call for public hangings could have unintended consequences for members of the Silicon Valley elite.
"Well, Joe, Mark Zuckerberg has sole control over Facebook, which directly enabled the Rohingya genocide," he wrote. "So let’s have the conversation."
And Columbia Journalism School professor Bill Grueskin noted that Lonsdale has been a major backer of the University of Austin, an unaccredited liberal arts college that has been pitched as an alternative to left-wing university education with the goal of preparing "thoughtful and ethical innovators, builders, leaders, public servants and citizens through open inquiry and civil discourse."
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Trump's Golden Dome Will Fail at Everything But Enriching Arms Contractors
Job number one in rolling back the Golden Dome boondoggle is simply making it clear that no missile defense system will protect us in the event of a nuclear attack.
Nov 17, 2025
Kathryn Bigelow’s new nuclear thriller, A House of Dynamite, has been criticized by some experts for being unrealistic, most notably because it portrays an unlikely scenario in which an adversary chooses to attack the United States with just a single nuclear-armed missile. Such a move would, of course, leave the vast American nuclear arsenal largely intact and so invite a devastating response that would undoubtedly largely destroy the attacker’s nation. But the film is strikingly on target when it comes to one thing: its portrayal of the way one US missile interceptor after another misses its target, despite the confidence of most American war planners that they would be able to destroy any incoming nuclear warhead and save the day.
At one point in the film, a junior official points out that US interceptors have failed almost half their tests, and the secretary of defense responds by bellowing: “That’s what $50 billion buys us?”
In fact, the situation is far worse than that. We taxpayers, whether we know it or not, are betting on a house of dynamite, gambling on the idea that technology will save us in the event of a nuclear attack. The United States has, in fact, spent more than $350 billion on missile defenses since, more than four decades ago, President Ronald Reagan promised to create a leak-proof defense against incoming intercontinental ballistic missiles (ICBMs). Believe it or not, the Pentagon has yet to even conduct a realistic test of the system, which would involve attempting to intercept hundreds of warheads traveling at 1,500 miles per hour, surrounded by realistic decoys that would make it hard to even know which objects to target.
Laura Grego of the Union of Concerned Scientists has pointed out that the dream of a perfect missile defense—the very thing President Donald Trump has promised that his cherished new “Golden Dome” system will be—is a “fantasy” of the first order, and that “missile defenses are not a useful or long-term strategy for defending the United States from nuclear weapons.”
Trump’s pledge to fund contractors to build a viable Golden Dome system in three years is PR or perhaps PF (presidential fantasy), not realistic planning.
Grego is hardly alone in her assessment. A March 2025 report by the American Physical Society found that “creating a reliable and effective defense against even [a] small number of relatively unsophisticated nuclear-armed ICBMs remains a daunting challenge.” Its report also notes that “few of the main challenges involved in developing and deploying a reliable and effective missile defense have been solved, and… many of the hard problems we identified are likely to remain so during and probably beyond” the 15-year time horizon envisioned in their study.
Despite the evidence that it will do next to nothing to defend us, President Trump remains all in on the Golden Dome project. Perhaps what he really has in mind, however, has little to do with actually defending us. So far, Golden Dome seems like a marketing concept designed to enrich arms contractors and burnish Trump’s image rather than a carefully thought-out defense program.
Contrary to both logic and history, Trump has claimed that his supposedly leak-proof system can be produced in a mere three years for $175 billion. While that’s a serious chunk of change, analysts in the field suggest that the cost is likely to be astronomically higher and that the president’s proposed timeline is, politely put, wildly optimistic. Todd Harrison, a respected Pentagon budget analyst currently based at the conservative American Enterprise Institute, estimates that such a system would cost somewhere between $252 billion and $3.6 trillion over 20 years, depending on its design. Harrison’s high-end estimate is more than 20 times the off-hand price tossed out by President Trump.
As for the president’s proposed timeline of three years, it’s wildly out of line with the Pentagon’s experience with other major systems it’s developed. More than three decades after it was proposed as a possible next-generation fighter jet (under the moniker Joint Strike Fighter, or JSF), for example, the F-35, once touted as a “revolution in military procurement,” is still plagued by hundreds of defects, and the planes spend almost half their time in hangars for repair and maintenance.
Proponents of the Golden Dome project argue that it’s now feasible because of new technologies being developed in Silicon Valley, from artificial intelligence to quantum computing. Those claims are, of course, unproven, and past experience suggests that there is no miracle technological solution to complex security threats. AI-driven weapons may be quicker to locate and destroy targets and capable of coordinating complex responses like swarms of drones. But there is no evidence that AI can help solve the problem of blocking hundreds of fast-flying warheads embedded in a cloud of decoys. Worse yet, a missile defense system needs to work perfectly each and every time if it is to provide leak-proof protection against a nuclear catastrophe, an inconceivable standard in the real world of weaponry and defensive systems.
Of course, the weapons contractors salivating at the prospect of a monstrous payday tied to the development of Golden Dome are well aware that the president’s timeline will be quite literally unmeetable. Lockheed Martin has optimistically suggested that it should be able to perform the first test of a space-based interceptor in 2028, three years from now. And such space-based interceptors have been suggested as a central element of the Golden Dome system. In other words, Trump’s pledge to fund contractors to build a viable Golden Dome system in three years is PR or perhaps PF (presidential fantasy), not realistic planning.
Who Will Benefit from the Golden Dome?
The major contractors for Golden Dome may not be revealed for a few months, but we already know enough to be able to take an educated guess about which companies are likely to play central roles in the program.
The administration has said that Golden Dome will be built on existing hardware and the biggest current producers of missile defense hardware are Lockheed Martin, Boeing, and Raytheon (a major part of RTX Corporation). So, count on at least two of the three of them. Emerging military tech firms like SpaceX and Anduril have also been mentioned as possible system integrators. In other words, one or more of them would help coordinate development of the Golden Dome and provide detection and targeting software for it. The final choice for such an extremely lucrative role is less than certain, but as of now Anduril seems to have an inside track.
Even after the breakup of the Donald Trump-Elon Musk bromance, the tech industry still has a strong influence over the administration, starting with Vice President JD Vance. He was, after all, employed and mentored by Peter Thiel of Palantir, the godfather of the recent surge of military research and financing in Silicon Valley. Thiel was also a major donor to his successful 2022 Senate campaign, and Vance was charged with fundraising in Silicon Valley during the 2024 presidential campaign. Emerging military tech moguls like Thiel and Palmer Luckey, along with their financiers like Marc Andreessen of the venture capital firm Andreessen Horowitz, view Vance as their man in the White House.
Should the Golden Dome system indeed be launched (at a staggering cost to the American taxpayer), its “gold” would further enrich already well-heeled weapons contractors, give us a false sense of security, and let Donald Trump pose as this country’s greatest defender ever.
Other military tech supporters in the Trump administration include Deputy Secretary of Defense Stephen Feinberg, whose company, Cerberus Capital, has a long history of investing in military contractors and is already pressing to reduce regulations on weapons firms in line with Silicon Valley’s wish list; Michael Obadal, a senior director at the military tech firm Anduril, who is now deputy secretary of the Army; Gregory Barbaccia, the former head of intelligence and investigations at Palantir, who is now the federal government’s chief information officer; Undersecretary of State Jacob Helberg, a former executive at Palantir; and numerous key members of Elon Musk’s Department of Government Efficiency, which took a wrecking ball to civilian bodies like the US Agency for International Development while sparing the Pentagon significant cuts.
Some analysts foresee a funding fight in the offing between those Silicon Valley military tech firms and the Big Five firms (Boeing, General Dynamics, Lockheed Martin, Northrop Grumman, and RTX) that now dominate Pentagon contracting. But the Golden Dome project will have room for major players from both factions and may prove one area where the old guard and the Silicon Valley military tech crew join hands to lobby for maximum funding.
The nation’s premier defense firms and missile manufacturers will likely enjoy direct access to Golden Dome, since the project is expected to be headquartered in Huntsville, Alabama, the “Pentagon of the South.” That self-described “Rocket City” houses the US Missile Defense Agency and a myriad of defense firms (including Lockheed Martin, RTX, General Dynamics, and Boeing). It will also soon host the new Space Force headquarters.
While Huntsville has been a hub for missile defense since President Ronald Reagan’s failed ICBM defense efforts, what makes this placement particularly likely is the significance of Huntsville’s Republican representatives in Congress, particularly Rep. Dale Strong. “North Alabama has played a key role in every former and current US missile defense program and will undoubtedly be pivotal to the success of Golden Dome,” he explained, having received $337,600 in campaign contributions from the defense sector during the 2023-2024 election cycle and cofounded the House Golden Dome Caucus.
His advocacy for the project dovetails well with the power vested in House Armed Services Committee Chairman Mike Rogers (also from Alabama), who received $535,000 from the defense sector during the 2024 campaign. Sen. Tommy Tuberville, a senior member of the Senate Armed Services Committee, and Sen. Katie Boyd Britt, a member of the Senate Golden Dome Caucus, round out Alabama’s Republican Senate delegation.
Many of the leading boosters of the Golden Dome represent states like Alabama or districts that stand to benefit from the program. The bicameral congressional Golden Dome caucuses include numerous members from states already enmeshed in missile production, including North Dakota and Montana, which house ICBMs built and maintained by Northrop Grumman and Lockheed Martin, among other companies.
Those same weapons companies have long been donating generously to political campaigns. And only recently, to curry favor and prove themselves worthy of Golden Dome’s lucrative contracts, Palantir and Booz Allen Hamilton joined Lockheed Martin in donating millions of dollars to President Trump’s new ballroom that is to replace the White House’s devastated East Wing. And expect further public displays of financial affection from arms companies awaiting the administration’s final verdict on Golden Dome contracts, which will likely be announced in early 2026.
The Gold of the Golden Dome
Golden Dome is already slated to receive nearly $40 billion in the next year when funds from President Trump’s “big beautiful bill” and the administration’s budget request for Fiscal Year 2026 are taken into account. The 2026 request for Golden Dome is more than twice the budget of the Centers for Disease Control and Prevention and three times the budget of the Environmental Protection Agency, essential pillars of any effort to prevent new pandemics or address the challenges of the climate crisis. In addition, Golden Dome will undoubtedly siphon into the military sector significant numbers of scientists and engineers who might otherwise be trying to solve environmental and public health problems, undermining this country’s ability to deal with the greatest threats to our lives and livelihoods to fund a defense system that will never actually be able to defend us.
Worse yet, Golden Dome is likely to be more than just a waste of money. It could also accelerate the nuclear arms race between the US, Russia, and China. If, as is often the case, US adversaries prepare for worst-case scenarios, they are likely to make their plans based on the idea that Golden Dome just might work, which means they’ll increase their offensive forces to ensure that, in a nuclear confrontation, they are able to overwhelm any new missile defense network. It was precisely this sort of offensive-defensive arms race that the Anti-Ballistic Missile Treaty of the era of President Richard Nixon was designed to prevent. That agreement was, however, abandoned by President George W. Bush.
A no less dangerous aspect of any future involving the Golden Dome would be the creation of a new set of space-based interceptors as an integral part of the system. An interceptor in space may not actually be able to block a barrage of nuclear warheads, but it would definitely be capable of taking out civilian and military satellites, which travel in predictable orbits. If the unspoken agreement not to attack such satellites were ever to be lifted, basic functions of the global economy (not to speak of the US military) would be at risk. Not only could attacks on satellites bring the global economy to a grinding halt, but they could also spark a spiral of escalation that might, in the end, lead to the use of nuclear weapons.
Should the Golden Dome system indeed be launched (at a staggering cost to the American taxpayer), its “gold” would further enrich already well-heeled weapons contractors, give us a false sense of security, and let Donald Trump pose as this country’s greatest defender ever. Sadly, fantasies die hard, so job number one in rolling back the Golden Dome boondoggle is simply making it clear that no missile defense system will protect us in the event of a nuclear attack, a point made well by A House of Dynamite. The question is: Can our policymakers be as realistic in their assessment of missile defense as the makers of a major Hollywood movie? Or is that simply too much to ask?
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