In the grand theater of American politics, the Democrats are finding themselves abandoned by their once loyal tech-supporting audience. Picture this: the shimmering beaches of Venice, California, where the promise of a crypto revolution was supposed to bring prosperity. Instead, it’s a ghost town of missed opportunities and empty storefronts. Abbot Kinney, that iconic stretch of bohemian capitalism, gasps for breath as the tech industry, bloated with subsidies, fails to deliver the lifeblood of employment.
Imagine it as a tragicomedy: the tech industry, decked out in its finest attire of R&D tax credits, sales tax exemptions, and California Competes Tax Credits, struts across the stage. It’s a darling of innovation hubs and CAEATFA Sales Tax Exclusions, wooing the audience with the promise of eco-friendly gadgets and futuristic solutions. But behind the curtain, the reality is stark. The industry, despite its glitz and glamour, employs only a handful. Crypto, that much-hyped disruptor, employs just enough to form a small circle of beachgoers, barely a ripple in the ocean of local economies.
The irony is rich. While the film industry, with its comparatively modest tax credits, manages to churn out jobs and support local businesses, the tech sector hoards its wealth. The lavish incentives meant to nurture innovation become gilded cages, trapping prosperity in a bubble that never bursts into widespread economic benefits.
So here we are, in this Vonnegut-esque landscape where the Democrats, despite showering the tech industry with more perks than a Hollywood blockbuster, are left wanting. The local economies languish, the support wanes, and the dream of a tech-fueled renaissance flickers like a dying neon sign on an abandoned boardwalk. The Democrats, once the champions of innovation, now face the sobering reality: all that glitters in the tech world is not gold, and the promise of jobs is as ephemeral as a Venice Beach sunset.
So there you have it, friends and neighbors. The tech industry’s got more money than God and more perks than a rock star, but when it comes to creating jobs, they’re about as useful as an ashtray on a motorcycle. And that, my dear Earthlings, is why the Democrats are watching their tech support vanish faster than ice cream on a hot sidewalk.