Some California tech executives are quietly organizing to challenge Representative Ro Khanna over his support for a proposed state wealth tax, according to multiple sources familiar with the effort. These individuals, who requested anonymity to discuss private conversations, are using platforms like WhatsApp and conference calls to strategize a campaign against Khanna, a Democrat representing Silicon Valley.

The executives' discontent stems from Khanna's public defense of a potential one-time wealth tax in California, a policy designed to generate revenue from the state's wealthiest residents. While the specifics of the proposed tax haven't been finalized, such measures typically involve assessing a percentage of an individual's net worth exceeding a certain threshold. This could include assets like stocks, real estate, and other investments. The tax is intended to address income inequality and fund public services, but critics argue it could incentivize wealthy individuals and companies to leave the state, impacting California's economy.

Khanna, who also helped lead the push for the release of the Epstein files, has historically balanced support for the tech industry with progressive policies, a position that is now facing increased scrutiny. He easily won re-election in 2024 and has a substantial campaign war chest of nearly $15 million. This financial advantage presents a significant hurdle for any challenger, even one backed by wealthy tech donors.

The effort to unseat Khanna is considered a long shot, given his strong support within his district, particularly from the South Asian community. However, the mobilization highlights the growing tension between some segments of the tech industry and progressive lawmakers advocating for wealth redistribution policies. The executives believe that Khanna's support for the wealth tax undermines the innovation and investment climate in California.

The situation underscores the broader debate surrounding wealth inequality and taxation in the tech sector. As technology companies continue to generate significant wealth, policymakers are exploring various mechanisms to ensure a more equitable distribution of resources. The outcome of this challenge to Khanna could signal the future of political engagement by tech leaders on tax policy and other issues impacting the industry. The next steps for the executives involved remain unclear, but they are expected to continue exploring potential candidates and fundraising strategies in the coming months.