Rep. Ro Khanna’s wealth tax support fuels primary challenge in Silicon Valley

By Eliyahu Kamisher, Bloomberg

Representative Ro Khanna is facing backlash from billionaires for supporting a California wealth tax. Now a tech entrepreneur wants to turn that anger into a June primary challenge for Khanna’s Silicon Valley seat.

The bid by Ethan Agarwal, 40, is a long shot given Khanna’s national profile and campaign war chest of nearly $15.5 million. But Agarwal said he is counting on support from deep-pocketed tech executives such as Garry Tan, the CEO of Y Combinator...