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Billionaires are following Elon Musk out of California

EPISODE · Dec 30, 2025 · 13 MIN

Billionaires are following Elon Musk out of California

from Elon Musk Podcast · host Stage Zero

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

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Billionaires are following Elon Musk out of California

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