California Exodus Watch: You Can’t Tax What Already Left
California wants to impose a 5% billionaire wealth tax.
There’s just one problem:
Some of the billionaires have already left.
Larry Page. Sergey Brin. Peter Thiel. Travis Kalanick.
Fortune estimates their departures could put roughly $29 BILLION in potential wealth-tax revenue beyond California’s reach.
Florida and Texas aren’t just gaining wealthy residents.
They’re potentially gaining the investment, businesses and future tax revenue that follows them.
You can’t tax what already left.
The story was compiled with the aid of AI.
