California’s $950M Billionaire Tax Sparks Tech Exodus: $200B Capital Flight Risk as Page, Ellison Sell Assets and 45 LLCs Flee
California’s 5% billionaire wealth tax could raise $950M—but risks $200B tech capital flight. $73M in real estate sold by Page. 45 LLCs relocated. 5K–10K jobs at risk. Ballot deadline: Jun 24, 2026. #WealthTax #TechExodus #California #BillionaireTax #EconomicPolicy
California’s proposed 5% wealth tax on residents with net