Who is Chamath Palihapitiya? Sri Lankan-born billionaire thinking of leaving California for Texas
Chamath Palihapitiya is seriously considering a move away from California, prompted by emerging tax regulations. This decision echoes a growing sentiment among affluent entrepreneurs who are increasingly wary of the state's economic environment, particularly in light of a proposed 5% wealth tax on fortunes exceeding $1 billion.
Chamath Palihapitiya is seriously considering a move away from California, prompted by emerging tax regulations. This decision echoes a growing sentiment among affluent entrepreneurs who are increasingly wary of the state's economic environment, particularly in light of a proposed 5% wealth tax on fortunes exceeding $1 billion.
