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Palmer Luckey says staying in California amid tax plan upsets billionaire friends

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Palmer Luckey, a tech entrepreneur, has voiced his concerns regarding California's proposed billionaire tax. This tax seeks to impose a one-time 5% net-worth levy on its billionaires. Luckey plans to remain in California despite pressure from other billionaires who advocate leaving. He believes this tax could drive businesses away and result in negative consequences for the state.

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Palmer Luckey says staying in California amid tax plan upsets billionaire friends
TOI TECH DESK · 11/3/2026, 7:17:27 AM
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