Tom Steyer Wants to Save California From Billionaires. But Also Doesn’t Want Them to Leave
Key takeaways
- Steyer felt like the next obvious choice for a conversation: He’s running to lead a state where issues like AI, immigration enforcement, and climate change, among other core WIRED subjects, are paramount.
- As I said, for some Democratic voters, Tom Steyer seems to check a lot of boxes.
- Steyer is adept, as politicians usually are, at toeing the line.
Why this matters: a development in AI with implications for how people work, create, and decide.
Photo-Illustration: WIRED Staff; Getty Images Comment Loader Save Story Save this story Comment Loader Save Story Save this story For those concerned about the influence of Big Tech and billionaires on California’s future, Tom Steyer looks like an obvious choice. A billionaire who amassed his fortune after founding Farallon Capital Management, one of the world’s biggest hedge funds, Steyer quit the firm in 2012 and turned to philanthropy, political advocacy, and climate activism, among other pursuits. Now, he’s jostling for position among a handful of Democratic and GOP candidates looking to advance from a June primary and then win the California governorship this November.
Ahead of the midterms, I’m talking to candidates relevant to WIRED’s interests: A few weeks ago I spoke with Alex Bores, a candidate for New York’s 12th Congressional District, whose history as a Palantir employee and stance on AI regulation has attracted the ire of Silicon Valley–backed super PACs.
Steyer felt like the next obvious choice for a conversation: He’s running to lead a state where issues like AI, immigration enforcement, and climate change, among other core WIRED subjects, are paramount. Steyer’s posture in the race is also unique. He’s been described as a “class traitor” for ostensibly eschewing his fellow elites, voiced support for California’s controversial Billionaire Tax Act—which has everyone from Sergey Brin to Peter Thiel either making moves to or threatening to flee the state—and campaigned hard on affordability, climate policy, and the promise that he’s immune to corporate influence. (As a billionaire spending more than $130 million on his own gubernatorial campaign, I certainly hope he would be.)