Skip to main content
New Year’s Sale — Build a balanced news diet with 40% off Vantage
Published loading...Updated

Tech billionaires threaten to flee California over proposed 5% wealth tax

The 2026 Billionaire Tax Act would fund healthcare by taxing assets over $1 billion, but critics warn it may push tech founders and investors to relocate.

Summary by Fox 11 LA
The proposal would impose a one-time 5% tax on the assets of California residents worth more than $1 billion.

8 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 60% of the sources lean Right
60% Right

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

crypto.news broke the news in on Monday, December 29, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal