politics
Larry Page loosens business ties to CA amid state's proposed wealth tax, report
Larry Page is reportedly moving assets out of California over concern the state will vote in a tax on billionaires.
TL;DR
- Larry Page is moving business assets away from California.
- The move involves reincorporating entities in Delaware, including his family office, research company, aviation company, and flying car startup.
- This action is happening as a proposed tax on billionaires is being organized for the 2026 ballot.
- Page himself is reportedly no longer in California.
- Other notable figures have also spoken out against the ballot initiative.