California tech founders unload on a proposed state wealth tax that already has some billionaires preparing an escape. ‘I am screwed for life’
Yahoo Finance·2025-12-29 02:22
A proposed wealth tax aimed at billionaires hasn’t yet qualified for California’s ballot, but it’s already sparked intense pushback from tech founders in the state. It started when the New York Times reported that venture capitalist Peter Thiel and Google cofounder Larry Page were looking into leaving California in case the tax becomes law. Democratic Rep. Ro Khanna, who represents part of Silicon Valley, flagged the story on X and echoed President Franklin Roosevelt by adding “I will miss them very mu ...