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A one-time 5% wealth tax on billionaires could lead to high-profile individuals like Mark Zuckerberg leaving California.

PoliticsWealth InequalityCorporate InfluenceOct 22, 2026score 0.273 posts · 0 replies across 2 instances
The thread discusses Mark Zuckerberg's potential departure from California due to a proposed one-time 5% wealth tax on billionaires, with Meta offering him nonvoting shares to stay. The issue centers on tax policy and its impact on high-net-worth individuals.

Claims

A one-time 5% wealth tax on billionaires could lead to high-profile individuals like Mark Zuckerberg leaving California.
Parent: Tax PolicyEntity: Wealth Tax on BillionairesImpact: negativeDate: Oct 22, 2026Target: A one-time 5% wealth tax on billionaires

Source posts

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Filing: Meta says Mark Zuckerberg is considering leaving California if it passes a one-time 5% tax on billionaires; voters will decide on the measure next month (Pierre Paulden/Bloomberg) https://www.bloomberg.com/news/articles/2026-10-21/zuckerberg-weighs-leaving-california-if-billionaire-tax-passes http://www.techmeme.com/261021/p48#a261021p48
0 boosts · 1 favs · 0 replies · Oct 22, 2026
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Meta Offers Zuckerberg New Shares to Shield Him From Wealth Tax (Bloomberg) https://www.bloomberg.com/news/articles/2026-10-21/zuckerberg-weighs-leaving-california-if-billionaire-tax-passes http://www.memeorandum.com/261021/p152#a261021p152
0 boosts · 1 favs · 0 replies · Oct 22, 2026
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Filing: Mark Zuckerberg commits to staying in Meta's HQ jurisdiction in return for nonvoting shares; he weighed leaving California over a proposed wealth tax (Bloomberg) https://www.bloomberg.com/news/articles/2026-10-21/zuckerberg-weighs-leaving-california-if-billionaire-tax-passes http://www.techmeme.com/261021/p48#a261021p48
0 boosts · 0 favs · 0 replies · Oct 22, 2026