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Home > TechCrunch Industry News > Why Silicon Valley is really talking about fleeing California (it’s not the 5%)
Podcast: TechCrunch Industry News
Episode:

Why Silicon Valley is really talking about fleeing California (it’s not the 5%)
Category: News & Politics
Duration: 00:05:10
Publish Date: 2026-01-19 10:30:00
Description:

If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own.

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