Leaving California Episodes

California considers a tax on Billionaires: Profoundly anti-Capitalist, or an Idea whose time has come ?
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March 22, 2026

California considers a tax on Billionaires: Profoundly anti-Capitalist, or an Idea whose time has come ?

While most European countries have rejected wealth taxes as disincentives for investors and tech investors, California may vote in November to impose a 5% “one time” excise tax on billionaires. The likes of Larry Page and Mark Zuckerberg are looking to relocate to Florida or Texas to avoid it. Will California’s crazy politics kill the tech goose that laid the golden egg ?
Guest: Jim Herlihy