One of Silicon Valley's biggest billionaires publicly announces that he has 'left' California, says: Pleased to announce that ...
Billionaires are reportedly leaving California to avoid a proposed 5% wealth tax, with figures like Larry Page and Peter Thiel considering moves. David Sacks confirmed his relocation to Texas, criticizing the tax as "asset seizure." Chamath Palihapitiya warned of a $500 billion net worth exodus, predicting a worsening budget deficit for the state.
Billionaires are reportedly leaving California to avoid a proposed 5% wealth tax, with figures like Larry Page and Peter Thiel considering moves. David Sacks confirmed his relocation to Texas, criticizing the tax as "asset seizure." Chamath Palihapitiya warned of a $500 billion net worth exodus, predicting a worsening budget deficit for the state.
