California entrepreneur warns billionaire wealth tax could trigger 'giant sucking sound' of business exits

California entrepreneur warns billionaire wealth tax could trigger 'giant sucking sound' of business exits

Source: www.foxbusiness.com · Section: business-tech · Bias: Right · Published: Sat, 19 Sep 2026 08:16:50 GMT

Eric Schiffer warns California's Proposition 40 wealth tax could trigger a mass exodus of billionaire entrepreneurs, draining jobs and tax revenue.

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