A proposed wealth tax targeting billionaires in California has sparked intense pushback from tech founders in the state, with some preparing to leave if the tax becomes law. Prominent conservative tech entrepreneur Palmer Luckey explains, "One market correction, nationalization event, or prohibition of divestiture (not at all uncommon during wartime) and I am screwed for life."
The post Tech Founders Slam Proposed California Wealth Tax, Warn of Potential Exodus appeared first on Breitbart.
Tech Founders Slam Proposed California Wealth Tax, Warn of Potential Exodus
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December 30, 2025
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Source: https://feeds.feedburner.com/breitbart - Read Original
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