
Yet closeness to Silicon Valley and Hollywood does not mean that Harris’s ascent will be good for businesses outside the charmed circle of tech and media conglomerates. Harris has backed a state tax and regulatory regime that has devastated the state’s middle and working classes. Once in the White House, she would presumably push similar policies ruinous for business—particularly small businesses unable to cope with high taxes, restrictive labor laws, and ever-more draconian environmental regulation.
It may be premature to criticize before anything has been proposed. State and federal legislation differ as do the strategies for launching it.