Technology May 19, 2026 · 1 min read

Tom Steyer Wants to Save California From Billionaires. But Also Doesn’t Want Them to Leave

The hedge fund billionaire turned gubernatorial candidate wants to tax California’s ultrawealthy, regulate AI, and keep Silicon Valley happy at the same time. Good luck with that.

WI
Wired
by Katie Drummond
Tom Steyer Wants to Save California From Billionaires. But Also Doesn’t Want Them to Leave
The hedge fund billionaire turned gubernatorial candidate wants to tax California’s ultrawealthy, regulate AI, and keep Silicon Valley happy at the same time. Good luck with that.
WI
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This article was originally published by Wired and written by Katie Drummond.

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