{"id":1011,"date":"2026-06-04T09:08:40","date_gmt":"2026-06-04T09:08:40","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=1011"},"modified":"2026-06-04T09:08:40","modified_gmt":"2026-06-04T09:08:40","slug":"a-group-of-trump-billionaires-just-took-a-shocking-loss","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=1011","title":{"rendered":"A group of Trump billionaires just took a shocking loss"},"content":{"rendered":"<div>\n<p>President Donald Trump has close ties to Silicon Valley billionaires, relying on them to shape policy on everything from waging war against Iran and deregulating cryptocurrency to paving the way for rampant AI in American society.<\/p>\n<p>Read more <a href=\"https:\/\/nextaddressamerica.com\/?p=1009\">\u2018Radical crackdown\u2019 as Trump turns the Postal Service into a weapon<\/a><\/p>\n<p>\u201cMultiple candidates backed heavily by Big Tech executives floundered in Tuesday\u2019s primary elections, as concerns about the corrosive effects of new technologies such as artificial intelligence tools continue to mount,\u201d reported MS NOW\u2019s Ja\u2019han Jones on Wednesday. \u201cThe clearest examples came in California, where tech executives spent ungodly amounts of money attempting to make sure their chosen candidates emerged victorious.\u201d<\/p>\n<p>Jones listed examples of how this happened including in the California gubernatorial primary, during which San Jose Mayor Matt Mahan went down to humiliating defeat despite being funded by tech executives like Google co-founder Sergey Brin and pro-Trump Palantir co-founder Joe Lonsdale. Jones also cited Ethan Agarwal, a tech investor who challenged Rep. Ro Khanna (D-CA) after being funded by pro-Trump Silicon Valley executive Marc Andreessen in large part by opposing Khanna\u2019s proposed one-time 5 percent wealth tax on billionaires.<\/p>\n<p>\u201cThe results bring to mind a discussion MS NOW hosts Michael Steele and Stephanie Ruhle had on primary election night, about the massive amounts of money Big Tech executives are shoveling out to reshape American politics,\u201d Jones wrote. \u201cIndeed, the issue of money in American politics is one that shouldn\u2019t be ignored. At the same time, Tuesday\u2019s losses by billionaire-backed candidates are a reminder that candidate quality and policy positions still matter to voters, who can (for now) outmatch deep-pocketed donors looking to put their thumb on the scale.\u201d<\/p>\n<p>Since returning to power in 2025, Trump has assiduously courted Silicon Valley\u2019s most powerful billionaires, who have returned the favor by donating generously to Trump\u2019s various causes and to pro-Trump candidates.<\/p>\n<p>Read more <a href=\"https:\/\/nextaddressamerica.com\/?p=1007\">Fetterman rages against Trump after setting himself \u2018on fire\u2019 for president<\/a><\/p>\n<p>\u201cAs the historian Richard Hofstadter noted, a fierce anti-intellectual spirit has long animated American culture, but it has typically targeted the knowledge elite from below,\u201d The Nation&#8217;s Elizabeth Spiers, a digital media strategist and writer living in Brooklyn, explained in April. \u201cWhat\u2019s striking about today\u2019s brand of anti-intellectualism is that it infuses the American knowledge elite; it stems from the bedrock conviction among tech oligarchs that they have mastered everything and have nothing left to learn. In this cloistered vision of tech-driven learning, they believe that deep intellectual work\u2014the kind you do when you author a complex piece of music, for example\u2014has little or no inherent value.\u201d<\/p>\n<p>Spiers added, \u201cTheir disdain for it has fueled their attacks on higher education, the humanities, and learning for its own sake, which they believe has no purpose beyond its inevitable digitization and monetization.\u201d She cited, as one example, Andreessen himself among others.<\/p>\n<p>\u201cThe examples are everywhere\u201d of their anti-intellectual tendencies, Spiers wrote. \u201c[Palantir co-founder] Peter Thiel\u2019s crusade against college attendance and his program that subsidizes high school students who want to forgo it, [venture capitalist] Marc Andreessen\u2019s boasts that he actively avoids introspection, the gleeful prediction of Thiel\u2019s Palantir colleague Alex Karp that AI will hurt educated women the most.\u201d<\/p>\n<p>Spiers added, \u201cThat all of these scourges of learning for learning\u2019s sake are themselves beneficiaries of privileged educations doesn\u2019t matter: As ardent monopolists, they\u2019ve managed to believe they\u2019ve cornered the market on critical thinking. Everyone else needn\u2019t be troubled by the rigors of learning, since they exist solely to serve as drones in the tech regimes of the future.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nextaddressamerica.com\/?p=1005\">Trump claims violent January 6 rioters \u2018went there with love\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has close ties to Silicon Valley billionaires, relying on them to shape policy on everything from waging war against Iran and deregulating cryptocurrency to paving the way for rampant AI in American society.\u201cMultiple candidates backed heavily by Big Tech executives floundered &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1010,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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