Google’s Larry Page Leaves California Amid Tax Fears; Nvidia’s Huang Will Stay | Firstpost America
California is weighing a bold proposal to tax its billionaires, setting up a high-stakes showdown between extreme wealth and state policy. The plan would impose a one-time 5% tax on residents worth more than $1 billion, applied retroactively, to fund education, food assistance and healthcare. Backed by labor groups, it could go before voters in November. The reaction among the ultra-wealthy has been swift, with some tech titans planning exits to lower-tax states. Others, like Nvidia CEO Jensen Huang, say they will stay. Critics warn of legal challenges and capital flight, while supporters argue California can afford to demand more from those who gained the most.California billionaire tax | California wealth tax proposal | California tax billionaires | billionaire tax referendum | California tax policy | one time wealth tax | California election November | wealth tax | Jensen Huang Nvidia comments | Silicon Valley taxes | US wealth tax debate | state tax policy USA | US | Firstpost America | Cary Johnston | War | Geopolitics | Global Economy | Firstpost | World News | Latest News | Global News | International News | Trending News
#California #WealthTax #TaxTheRich #BillionaireTax #CaliforniaPolitics #USPolitics #Economy #SiliconValley #IncomeInequality #BreakingNews #StatePolicy #TechBillionaires #firstpostamerica #caryjohnston #war #geopolitics #economy #firstpost #worldnews #latestnews #globalnews #internationalnews #trendingnews
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