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Billionaire Tax Act: Wealthy Fleeing California
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Californias Billionaire Exodus: The Proposed Tax Act
Californias proposed Billionaire Tax Act has sparked a mass exodus of the states wealthiest residents. The plan, which includes a one-time five percent tax on billionaires net worth, has led to the departure of several high-profile figures, including In-N-Out Burger heiress Lynsi Snyder, PayPal co-founder Peter Thiel, and Google co-founder Larry Page. The bill, backed by the Service Employees International Union, aims to raise $100 billion for public education, food assistance, and Medicaid programs. However, critics argue that it could drive more wealth out of state and hurt California long-term. Checkout Solipillow.com
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