Donald Trump and Silicon Valley's Billionaire Elegy

Silicon Valley billionaires Ben Horowitz and Marc Andreessen are supporting Donald Trump for president due to their opposition to a proposed tax on unrealized capital gains for households worth over $100 million. They argue that this tax would lead to the destruction of the tech industry and California. Their podcast explains their shift from supporting Biden to Trump, focusing on issues like cryptocurrency regulation and government interference in tech startups. However, their concerns about the tax seem exaggerated, as it is just a proposal and would require Congressional action to become law. Andreessen and Horowitz also express resentment towards the lack of appreciation for their wealth and business positions, feeling that Trump respects them more than the media and left-leaning politicians. Their support for Trump is seen as a business decision to protect their wealth and avoid the proposed tax, rather than a reflection of Trump's controversial actions and character.