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Billionaires Battle California's Wealth Tax: Moves, Strategies, and Political Maneuvering

World News

Billionaires Battle California's Wealth Tax: Moves, Strategies, and Political Maneuvering

How Billionaires Are Fighting the Prop 40 California Wealth Tax

The New York Times

How Billionaires Are Fighting the Prop 40 California Wealth Tax

The latest Silicon Valley billionaire club is a $333 million political ad machine that is heavily engaged in next week’s elections.

Billionaire Palmer Luckey isn’t leaving California over the wealth tax

TechCrunch

Billionaire Palmer Luckey isn’t leaving California over the wealth tax

"It's causing a lot of people to run who I don't want to be running," native Californian Palmer Luckey said. "But I'm planning on staying in California. I'm going to keep fighting it."

Billionaire Uber cofounder Travis Kalanick moved to Texas—dodging a possible $180 million hit from California’s billionaire tax

Fortune

Billionaire Uber cofounder Travis Kalanick moved to Texas—dodging a possible $180 million hit from California’s billionaire tax

Kalanick has owned a Lake Austin home for five years. He made it his primary residence two weeks before California’s proposed wealth tax would have applied to him.

Zuckerberg shakes California's wealth tax before the vote

TheStreet

Zuckerberg shakes California's wealth tax before the vote

Mark Zuckerberg told Meta’s board he was considering leaving California over a potential Proposition 40 tax bill, according to Meta’s filing with the Securities and Exchange Commission (SEC). The...

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