Topic: ballot initiative
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Silicon Valley's Real Reason for Fleeing California
A proposed California wealth tax targets tech founders by calculating liability based on voting control in a company, not just owned equity, potentially taxing massive paper wealth before liquidity is achieved. Critics argue the tax creates practical difficulties, like subjective valuations of pr...
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California's Wealth Tax Sparks Silicon Valley Billionaire Panic
A proposed one-time 5% wealth tax on California billionaires is prompting some, like Google cofounder Larry Page, to consider relocating to states like Florida or Texas. Critics, including Mayor Matt Mahan, warn the tax could drive away innovators and harm the state's economy, while proponents li...
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