California's Proposed Wealth Tax Sparks Billionaire Exodus Concerns
TL;DR Summary
Attorney Alex Spiro warned California's governor that his billionaire clients would relocate if a proposed wealth tax passes, citing legal and economic concerns, including potential constitutional issues and capital flight.
- Read the letter celebrity lawyer Alex Spiro wrote to Gavin Newsom, warning that his clients will 'permanently relocate' if California wealth tax passes Business Insider
- A Wealth Tax Floated in California Has Billionaires Thinking of Leaving The New York Times
- California's Ro Khanna faces Silicon Valley backlash after embracing wealth tax CNBC
- Talk of California’s ‘billionaire tax’ sparks social media class war, threats of tech exodus San Francisco Chronicle
- Will billionaires really leave California? Why wealth tax backers aren’t worried Sacramento Bee
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