Income Inequality: Tech Firms

income inequality: Gavin Newsom in a recent op-ed, according to The Independent. Our high-tech economy is indeed a success. California is a place of unparalleled economic opportunity, where high tech comes to take flight and where our creative workforce entertains and connects the world, wrote Gov. The state's finances are highly dependent on it remaining so, given that the capital-gains-based budget rises and falls in tandem with the fortunes of these big tech firms. Newsom penned those words as he touted a new plan to reduce income inequality and create an upward economy that works for every Californian. For all the lip service, state officials sometimes forget that innovation and change are the keys to success in the entrepreneurial tech sector and that legislative efforts that stifle those qualities could threaten the golden goose. (news.financializer.com). As reported in the news.