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(165,821 posts) Wed Jan 7, 2026, 11:52 AM Wednesday

Google co-founder leaves California amid billionaire wealth tax [View all]

Source: Yahoo! Finance

Wed, January 7, 2026 at 6:42 AM EST

Larry Page, the Google co-founder and world’s second-richest person, has reportedly left California amid concerns about a wealth tax on billionaires. Mr Page has moved the registrations of several entities, including his family office and flying car business from California to Delaware, according to filings with the states.

He has also personally moved out of the state ahead of a potential vote on a 5pc wealth tax, according to Business Insider, which first reported the move.

Mr Page, who founded Google in 1998, is the world’s second-richest person with a net worth of $270bn (£200bn). The world’s richest person, Elon Musk, left California for Texas in 2020.

Momentum for a wealth tax to fund healthcare is growing in California. A healthcare union has proposed a referendum on the measure at the same time as November’s mid-term elections, and is currently gathering signatures to have the measure put on the ballot.

Read more: https://finance.yahoo.com/news/google-co-founder-leaves-california-114240388.html

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Google co-founder leaves California amid billionaire wealth tax [View all] BumRushDaShow Wednesday OP

Na na na na hey hey goodbye! Ritabert Wednesday #1

Well sheshe2 Wednesday #2

All of the privileges of living in the US which helped him get so rich. Irish_Dem Wednesday #3

This won't affect his federal taxes, only his state taxes Jose Garcia Wednesday #13

ha. he probably doesn't pay federal taxes. Irish_Dem Wednesday #15

Probably gets DiverDave Yesterday #56

Yep subsidies from the US taxpayer. Irish_Dem Yesterday #57

"It worked!" say Californians as they high-five eachother. Scrivener7 Wednesday #4

Now Deleware should implement a billionaire tax. Good riddance, asshole. kysrsoze Wednesday #5

Deleware should charge a wealth tax Puppyjive Wednesday #6

Unlikely Deep State Witch Wednesday #16

Corporate law is one of the major things that needs to be re-done if the US is ever BComplex Wednesday #28

We money spending consumers bake the economic cookies, the rich eat most of them and leave us the crumbs. nt Exp Wednesday #7

A wealth tax to fund healthcare Bayard Wednesday #8

They should charge him a leaving tax Mr. Sparkle Wednesday #9

LOL!! Brilliant!! BComplex Wednesday #29

It's a double edged sword The Grand Illuminist Wednesday #10

It's been working out well in Massachusetts, which actually has more millionaires now TheRickles Wednesday #22

Totally different, not the same at all. Abolishinist Yesterday #50

True, but they're both aiming for the same redistributive goals, though via different means. TheRickles Yesterday #55

Regadless of when he left, if the wealth tax is approved he will have to pay because it is retroactive to 1/1/25 and in2herbs Wednesday #11

The Constitution specifically prohibits states from passing retroactive laws Jose Garcia Wednesday #14

With regards to criminal laws, yes, but not with regards to civil laws. See below: in2herbs Wednesday #33

Good riddance. Martin68 Wednesday #12

Killing the goose that lays the golden eggs The Mouth Wednesday #17

Check the tax rates under Reagan Easterncedar Wednesday #19

The problem is that the rich can just up and move The Mouth Wednesday #47

That makes corporations sound like they are necessarily benefitting their State in kind. BComplex Wednesday #30

The Laffer Curve was debunked long ago DBoon Wednesday #43

Wealth is mobile The Mouth Wednesday #48

The Laffer Curve proposed that lowering taxes creates overall economic prosperity DBoon Yesterday #52

I didn't quote, or refer to the Laffer curve, that was someone else The Mouth Yesterday #61

How fucking greedy can you get? Ray Bruns Wednesday #18

These money-hoarders have an addiction to money. MLWR Wednesday #20

I think the oldigarchs addiction to money and power is because they will soon be dead , afraid their power will wane, in2herbs Wednesday #34

Not dead fast enough. diane in sf Wednesday #38

I agree! nt in2herbs Wednesday #39

It is game to the super rich SheLiberal Wednesday #41

Welp Pas-de-Calais Wednesday #21

Oh, boo, hoo, hoo... Pay your damn fair share... electric_blue68 Wednesday #23

Thanks California for helping us become billionaires Smilo Wednesday #24

Hahaha! One more billionaire mansion in Texas they can't sell. Joinfortmill Wednesday #25

Isnt Gavin Newsome against this tax? Callie1979 Wednesday #26

Ballot Analysis of Initiative 2025-024 quaint Wednesday #27

Page moved, but the major companies of Alphabet haven't. CA may be a little tax poorer, but not enough to affect ancianita Wednesday #31

If you sleep on someone's couch and you don't pay rent, you're a moocher. Initech Yesterday #58

I hear you. ancianita Yesterday #59

Link to text of initiative, California Secretary of State office GJGCA Wednesday #32

The sun in California shines a bit brighter today Sweet Rosie Red Wednesday #35

Bye, Felicia. QueerDuck Wednesday #36

Welp lonely bird Wednesday #37

The greed and selfishness of these people are beyond belief. Mebbe I'm wrong, but I don't think Larry is going to end up Fil1957 Wednesday #40

You don't own California. You don't own the people of this state. DBoon Wednesday #42

Come on! The man's gotta eat. Swede Wednesday #44

Make these assholes pay! They can't keep mooching forever! Initech Wednesday #45

Tech billionaires have contempt for everyone not in their class DBoon Wednesday #46

Page is moving because, after the new tax, he'd ONLY have 256,500,000,000 dollars? LudwigPastorius Yesterday #49

Bye RandySF Yesterday #51

He SHOULD be shamed as one of the greediest men in the world by every lawmaker and every media outlet. Doodley Yesterday #53

Good UpInArms Yesterday #54

Instead of a wealth tax.... Happy Hoosier Yesterday #60