California’s tech exodus: Entrepreneur warns of a deeper political crisis as tax losses ‘hit $200 billion’
Tech mogul Chamath Palihapitiya warns California faces a deepening crisis as major companies depart, costing billions in lost tax revenue. He blames a hostile political climate towards innovation, citing Elon Musk's move to Texas. Palihapitiya argues this exodus weakens the state's job market and tax base, urging reforms to avoid severe financial stress.
Tech mogul Chamath Palihapitiya warns California faces a deepening crisis as major companies depart, costing billions in lost tax revenue. He blames a hostile political climate towards innovation, citing Elon Musk's move to Texas. Palihapitiya argues this exodus weakens the state's job market and tax base, urging reforms to avoid severe financial stress.
