California's proposed Billionaire Tax Act risks dismantling super-voting shares, forcing founders like Page, Brin, and Xu to sell control or face bankruptcy-level bills. Backed by unions, the measure sparks exodus fears and vows to kill startups, dividing tech and politics.
Google co-founders Sergey Brin and Larry Page relocate dozens of LLCs from California to Nevada ahead of a proposed retroactive billionaire wealth tax, sparking a broader exodus of ultrarich assets amid ballot measure fears.
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