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Why Silicon Valley is really talking about fleeing California (it’s not the 5%)
Market Intelligence Analysis
AI-Powered
Why This Matters
Silicon Valley entrepreneurs are concerned about a proposed wealth tax in California, not the 5% state income tax rate, as it targets voting shares rather than actual equity, affecting billionaires like Larry Page.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own. Take Larry Page, who about 3% […]
Original article published by
TechCrunch
on January 18, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.