Palmer Luckey, cofounder of defense startup Anduril, has a warning on the proposed California Wealth Tax: Government may seize your home, snatch your salary and…

California's proposed billionaire wealth tax faces fierce opposition from tech leaders like Palmer Luckey, who warns of forced asset sales and financial ruin for entrepreneurs. Critics decry the measure as government overreach, potentially driving away innovation and talent, while proponents argue it addresses wealth inequality and funds essential services.

Palmer Luckey, cofounder of defense startup Anduril, has a warning on the proposed California Wealth Tax: Government may seize your home, snatch your salary and…
California's proposed billionaire wealth tax faces fierce opposition from tech leaders like Palmer Luckey, who warns of forced asset sales and financial ruin for entrepreneurs. Critics decry the measure as government overreach, potentially driving away innovation and talent, while proponents argue it addresses wealth inequality and funds essential services.