Registration
 
All news
Top Stories
Editors' Picks
Crypto News
Financial News
Currencies
Market Voices
Companies
Regulators News
Igor Krasulya
Igor Krasulya

Garry Tan: San Francisco Prop D threatens higher taxes and local business closures

Garry Tan: San Francisco Prop D threatens higher taxes and local business closures
San Francisco Prop D threatens business

Garry Tan, president and CEO at Y Combinator, warns that San Francisco Proposition D would impose an 800% increase in gross receipts tax, potentially impacting local businesses like Walgreens and Safeway and increasing tax burdens for working and middle class families.

Tan also highlights that startups may be driven out of San Francisco, following the example of Stripe and Square, who have already left. The measure, backed by SEIU, is seen as a move for union benefit at significant cost to the local economy and startup community.

Tan has previously outlined changes at Y Combinator, announcing plans for the accelerator to invest in portfolio companies with stablecoins. He has also drawn attention to funding activities in the tech sector, noting Saikat Chakrabarti’s $1.5 million self-funding of advocacy efforts after his time at Stripe. Both topics reflect recent shifts in financing approaches among Silicon Valley leaders.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Editor's Picks for You

From “Holy Trinity” to WLD crash: How Arthur Hayes became a market-moving seller
  • By Mikhail Vnuchkov
  • 16 hours ago
From “Holy Trinity” to WLD crash: How Arthur Hayes became a market-moving seller
Editors' Picks
The world's first trillionaire: How Musk built his fortune on electric cars, space and AI
  • By Eugene Komchuk
  • Yesterday
The world's first trillionaire: How Musk built his fortune on electric cars, space and AI
Editors' Picks
How precious-metals mining revival is reshaping portfolios in 2026
  • By Ciaran Ryan
  • 11.06.2026
How precious-metals mining revival is reshaping portfolios in 2026
Editors' Picks
All Editors' Top Picks

Latest Garry Tan News

Prop D introduces an 800% business tax increase impacting costs, Garry Tan warns
  • By Oleg Tkachenko
  • 15.05.2026
Prop D introduces an 800% business tax increase impacting costs, Garry Tan warns
Market Voices
#Garry Tan
Data center projects bring $2.67 billion in investment and 5,322 jobs, Garry Tan notes
  • By Artem Shendetskii
  • 02.05.2026
Data center projects bring $2.67 billion in investment and 5,322 jobs, Garry Tan notes
Market Voices
#Garry Tan
Garry Tan: Stripe centimillionaire Saikat Chakrabarti funds advocacy with $1.5 million personal stake
  • By Andreas Kristo
  • 28.04.2026
Garry Tan: Stripe centimillionaire Saikat Chakrabarti funds advocacy with $1.5 million personal stake
Market Voices
#Garry Tan
All Garry Tan News
  • Mikhail Vnuchkov
  • 16 hours ago
From “Holy Trinity” to WLD crash: How Arthur Hayes became a market-moving seller
  • Eugene Komchuk
  • Yesterday
The world's first trillionaire: How Musk built his fortune on electric cars, space and AI
  • Ciaran Ryan
  • 11.06.2026
How precious-metals mining revival is reshaping portfolios in 2026
  • Mikhail Vnuchkov
  • 11.06.2026
Bitcoin price prediction after CPI rise: Is BTC headed for deeper losses?
  • Eugene Komchuk
  • 10.06.2026
Five years with Bitcoin: How El Salvador changed after legalizing BTC
  • Andreas Kristo
  • 12 min ago
Obama Presidential Center under review for $470 million gap, Tom Fitton notes
  • Andrey Mastykin
  • 57 min ago
Social Security relies on current workers to fund retirees, Justin Wolfers notes
  • Anastasiia Chabaniuk
  • 1 hour ago
Weekly chart analysis available last week, Callum Thomas notes
  • Yaroslav Dmytrenko
  • 3 hours ago
David Bird: Identifying bullish sentiment at Australia gold conference in January
  • Olga Shendetskaya
  • 3 hours ago
Recent decline in global oil demand tightens supply-demand gap, Anas Alhajji notes
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.
Top News
  • Mikhail Vnuchkov
  • 16 hours ago
From “Holy Trinity” to WLD crash: How Arthur Hayes became a market-moving seller
From “Holy Trinity” to WLD crash: How Arthur Hayes became a market-moving seller
  • Eugene Komchuk
  • Yesterday
Sam Bankman-Fried fails to challenge FTX conviction
Sam Bankman-Fried fails to challenge FTX conviction
  • Olga Shendetskaya
  • Yesterday
BlackRock loses ETF lead as Vanguard fund inflows accelerate
BlackRock loses ETF lead as Vanguard fund inflows accelerate
  • Igor Krasulya
  • Yesterday
AI executives to discuss technology risks at G7 summit
AI executives to discuss technology risks at G7 summit
  • Eugene Komchuk
  • Yesterday
Traders Union research: 31% of market participants invest for financial independence
Traders Union research: 31% of market participants invest for financial independence
Live News
  • Anton Kharitonov
  • Now
Microsoft slides again as capex continues to weigh on shares
  • Anton Kharitonov
  • Now
Apple recovers as improving risk appetite boosts demand for equities
  • Mykhailo Ihnatenko
  • Now
Moderna eyes breakout as investors focus on its next growth drivers
  • Anton Kharitonov
  • Now
Bitcoin recovers as risk appetite improves despite weak institutional demand
  • Anton Kharitonov
  • Now
WTI continues to decline amid progress in U.S.-Iran talks
Who We Are
Business Solutions
For Users
TU News
Popular Sections
Disclosures
CONTACT US
Legal
We are in Social Media
© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186
  • Risk disclosure:

    Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

    That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.

  • Disclaimer:

    Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

    Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.

  • Disclosure of advertisers and revenues:

    All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

    Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.

onepercentfortheplanet.org World Association of News Publishers https://gdpr.eu/ GDPR