Comment & Analysis
Billionaire flight deepens California’s tax crisis
A string of high-profile billionaires, including Google co-founders Larry Page and Sergey Brin, Meta’s Mark Zuckerberg, and Uber’s Travis Kalanick, have left California ahead of a proposed 5% wealth tax. The departures could cost the state an estimated $27 billion in lost revenue, undermining the measure’s projected $100 billion haul…
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