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Billionaire Palmer Luckey isn’t leaving California over the wealth tax

Oculus founder Palmer Luckey announced he will remain in California despite the state's proposed wealth tax, vowing to continue fighting it. He expressed concern that the tax would drive away entrepreneurs he values.

Background

California has proposed a significant wealth tax on high-net-worth individuals, sparking debate about whether it will drive tech entrepreneurs out of the state.

Source
TechCrunch
Published
Oct 27, 2026 at 09:01 PM
Score
5.0 / 10