Tech titans leave California after new wealth tax proposal

Tech titans leave California after new wealth tax proposal

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Publish Date:
11 February, 2026
Category:
CNBC
Video License
Standard License
Imported From:
Youtube

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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