Coinbase CEO weighs leaving California over wealth tax

California’s proposed 5% wealth tax is an unconstitutional asset seizure that mirrors the tactics of a third-world country. Forcing residents to hand over a portion of their net worth is deeply un-American and borders on fraud, especially when the state already fails to manage existing revenue. If this "Billionaire Tax Act" passes, the only logical move for innovators is to flee the state entirely. Is a wealth tax a fair way to fund public services, or is it just state-sanctioned theft?
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