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Why Silicon Valley is really talking about fleeing California (it’s not the 5%)

January 19, 20261 Mins read59 Views
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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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