CNBC’s Robert Frank reports on billionaires leaving California due to the proposal of a wealth tax.
The Billionaire Tax Act would impose a one-time tax of 5% on the total wealth of California tax residents whose net worth is $1 billion or more.
By: CNBC Television
Title: Tech titans leave California after new wealth tax proposal
Sourced From: www.youtube.com/shorts/aXi6Ii9ToIQ
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