An AI startup founder says he’s planning a ‘March for Billionaires’ in protest of California’s wealth tax
The organizer of the event swears it’s not a joke.
Gavin Newsom
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Why Silicon Valley is really talking about fleeing California (it’s not the 5%)
If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own. Take Larry Page, who about 3%
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