Mark Cuban Warns California Wealth Tax Could Drive Billion-Dollar Startups Out of State: ‘Ideology Is Not a Strategy’
Cuban warned Khanna’s proposed 5% California wealth tax could drive startup founders and investors out of the state.
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Why It Matters
A famous investor thinks California's new tax idea might make rich business owners move away, which could hurt the state's startup companies. When smart people worry about taxes making businesses leave a place, it's worth noticing how that affects companies' ability to grow there.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.