Nvidia CEO Jensen Huang has publicly endorsed a controversial wealth tax proposal that would see him paying roughly $8 billion out of pocket. Speaking at the New York Times DealBook Summit, Huang responded to the proposed “billionaire minimum tax” with surprising nonchalance, stating, “I would be perfectly fine with that.”
This proposed legislation aims to levy a 25% annual tax on the unrealized gains of wealthy individuals, targeting those with assets exceeding $100 million. As the architect behind the AI boom, Huang’s net worth has skyrocketed, making this tax bill the highest in history. His endorsement stands in stark contrast to the resistance typically seen from the ultra-wealthy.
Huang’s comments underscore the massive wealth generation within the tech sector, specifically the semiconductor industry driven by AI. He emphasized the role of infrastructure in enabling success, suggesting that contributing back to the ecosystem is a fair trade. For the tech world, this is a rare moment of alignment between a major CEO and progressive fiscal policy.
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