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California wealth tax proposal hemorrhages $1T as billionaires flee

Details
11 January 2026
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


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