Google cofounder Larry Page richest to exit California: $100bn revenue target at risk
Larry Page, co-founder of Google, is considering leaving California ahead of the vote on Proposition 40, a proposed 5% wealth tax for billionaires. His exit could jeopardize the state's $100 billion revenue target, with estimates indicating a potential $29 billion shortfall if other wealthy residents also relocate. The vote is scheduled soon, raising concerns about tax implications.