Zuckerberg considers leaving California over proposed billionaire tax

Mark Zuckerberg is considering leaving California due to the proposed Prop. 40, which introduces a 5% wealth tax on billionaires. According to a Meta financial filing, the CEO held detailed negotiations with the board of directors regarding this potential move. Zuckerberg may liquidate significant stock holdings and abandon his $110M California home if the tax passes. This situation reflects broader concerns that such tax policies drive wealthy individuals to reconsider residency, impacting local economies.