California has 200-plus billionaires who the proposed Wealth tax could hit: Full list
California is considering a one-time 5% wealth tax on residents with over $1 billion, potentially impacting tech titans like Larry Page and Mark Zuckerberg. While some, like Nvidia's Jensen Huang, support it, others warn of capital flight. The proposed tax could retroactively apply from January 1, 2026, if approved.
California is considering a one-time 5% wealth tax on residents with over $1 billion, potentially impacting tech titans like Larry Page and Mark Zuckerberg. While some, like Nvidia's Jensen Huang, support it, others warn of capital flight. The proposed tax could retroactively apply from January 1, 2026, if approved.
