California is about to start targeting the rich As the left-wing stronghold, California is pushing a 'California Billionaire Tax Act,' basically a law to tax the wealthy. This act states that California residents with a net worth exceeding $1 billion in 2026 will have to pay a one-time 5% wealth tax Good thing @elonmusk already moved to Texas, with only 0.1% in cash, Musk will definitely have to sell off assets... Now even Zuckerberg is planning to flee to Florida