"We need to be for something as opposed to just being anti-Trump all the time. There is absolutely ways that we should be taxing billionaires more. There should be more that we can take to give to people that are needy. But a wealth tax, an asset seizure tax is not the way to do that."
"He, by the way, introduced a stock trading ban, which hasn't been passed yet. But if he believes in it, then he should stop trading himself. In my case, I will be divesting my entire portfolio whether the legislation passes or not."
"ABC7's data journalism team found Khanna's stock trading volume more than doubled after he entered Congress, from $35 million in 2017 to $87 million in 2025. The congressman has defended those trades, telling The New York Times those assets are traded by a trust for his wife and children."
Ethan Agarwal, a 40-year-old tech entrepreneur, is launching a Democratic primary challenge against Rep. Ro Khanna in California's 17th Congressional District. Agarwal positions himself as a moderate alternative, arguing that Khanna has prioritized national politics over district representation since 2017. He criticizes Khanna's support for billionaire wealth taxes and asset seizure taxes, advocating instead for traditional Democratic focus on economic growth. Agarwal also accuses Khanna of hypocrisy regarding stock trading, noting the congressman introduced a trading ban while his own trading volume doubled from $35 million in 2017 to $87 million in 2025. Agarwal pledges to divest his entire portfolio regardless of legislation passage.
Read at ABC7 San Francisco
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