California’s proposed "billionaire tax" is prompting millionaires to plan their exits. A New York Post report reveals fears that the levy could eventually target smaller fortunes. Concerns escalated after proposal author Emmanuel Saez suggested the tax might become permanent, while a business memo warned it could eventually impact the middle class.
source https://timesofindia.indiatimes.com/technology/tech-news/why-californias-billionaires-tax-is-spooking-its-millionaires-now/articleshow/131915604.cms
Why California's Billionaire's Tax is 'spooking' its millionaires now
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June 22, 2026
Get To Know
June 22, 2026
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