Billionaires are following Elon Musk out of California
Billionaires are following Elon Musk out of California  
Podcast: Elon Musk Podcast
Published On: Tue Dec 30 2025
Description: California's proposed Billionaire Tax Act would impose a one-time 5% wealth tax on residents worth over $1 billion, potentially raising $100 billion from about 200 people. Larry Page and Peter Thiel are reportedly making plans to leave. Tech founders are calling it an organized seizure. Governor Newsom opposes it. The vote is in November 2026, but the residency cutoff is January 1, 2026, which is why billionaires are moving now.https://wilwaldon.com