Crypto and Tech Billionaires Warn of California Exodus Over Proposed 5% Wealth Tax
The 5% tax on billionaires’ wealth in California has erupted into sharp warnings this week, with prominent figures from both the tech and crypto sectors, such as Larry Page, Peter Thiel, and David Sacks, threatening to relocate if the proposed tax model is approved. The ballot initiative, California’s proposed 2026 Billionaire Tax Act, would impose … Read more



