California wealth tax proposal hemorrhages $1T as billionaires flee Venture capitalist Chamath Palihapitiya warns California lost $1 trillion as billionaires flee proposed wealth tax, threatening state budget and economy. Orignial Source: https://www.foxbusiness.com/politics/california-billionaire-tax-proposal-hemorrhages-1-trillion-billionaires-flee Previous article: Federal judge delivers Mamdani early legal setback on housing market intervention Prev Next article: Former Intel CEO warns US chip comeback still has long way to go Next