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Arm CEO on Proposed California Wealth Tax: Not a Good Thing

Arm CEO Rene Haas warns a proposed wealth tax in California could drive top entrepreneurs out of Silicon Valley. “I don’t think it’s a good thing if it drives really smart people outside the valley,” Haas tells Bloomberg’s Tom Mackenzie. This interview was recorded on March 23 for “Bloomberg Tech: Europe.” ——– Like this video?…

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Arm CEO Rene Haas warns a proposed wealth tax in California could drive top entrepreneurs out of Silicon Valley. “I don’t think it’s a good thing if it drives really smart people outside the valley,” Haas tells Bloomberg’s Tom Mackenzie.
This interview was recorded on March 23 for “Bloomberg Tech: Europe.”
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7 Comments

7 Comments

  1. @oritabak4142

    April 18, 2026 at 1:32 am

    billionaire tax needs to be at the federal level, or the ultra rich will just set their residence to a more friendly state

  2. @jtcintl4373

    April 18, 2026 at 1:36 am

    Stop Government overspending and stop the corruption 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🙄🙄🙄🙄

  3. @drjones-sk6cq

    April 18, 2026 at 11:22 am

    Eat the rich

  4. @gregraygun

    April 18, 2026 at 3:50 pm

    214 billionaires out of roughly 40 million Californians is about 0.0005% of the population. So when people talk like this is some broad middle-class issue, that’s pretty hard to take seriously; it’s mostly about a tiny elite class. The law hits they can’t just move later either the way it’s written, make them pay. It does nothing this guys says, he’s full of 💩

  5. @eymentaha8

    April 19, 2026 at 1:50 am

    DEP22H is much better in every way 👀🚀

  6. @HAMZLAK

    April 19, 2026 at 1:50 am

    Welcome to the DEP22H community 🇿🇦💎

  7. @ns2036

    April 19, 2026 at 4:20 pm

    dont ask a barber if you need a haircut, nor a billionaire whether he wants to get taxed

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Alphabet Inc.’s Google is rolling out new artificial intelligence chips, aiming to capitalize on its rapid ascent as a challenger to Nvidia Corp. Mandeep Singh of Bloomberg Intelligence has more.
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Enterprise AI spending has surged to $177 billion, up from $33 billion in 2025, according to Menlo Ventures’ latest State of Enterprise AI report. Partner Deedy Das says AI agents now account for 80% of usage, as businesses move beyond chatbots toward systems capable of completing complex tasks autonomously. He also discusses the dominance of Anthropic and OpenAI in enterprise API spending. He joins Carol Massar on “Bloomberg Tech.”
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Wealth Enhancement CIO Doug Huber says the fundamental investment case for Nvidia hasn’t changed, but the investigation surrounding CEO Jensen Huang is putting leadership, succession and corporate governance more firmly into the valuation debate. He joins Carol Massar on “Bloomberg Tech.”
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