Emil Barr, a 23-year-old millionaire, canceled his planned move to San Francisco over California's proposed billionaire wealth tax, even though he wouldn't owe it. The measure, Proposition 40, would impose a one-time 5% tax on billionaires to fund healthcare, and the debate over…
California Billionaire Tax Drives 23-Year-Old Founder to Cancel San Francisco Move
Emil Barr, a 23-year-old millionaire, canceled his planned move to San Francisco over California's proposed billionaire wealth tax, even though he wouldn't owe it. The measure, Proposition 40, would impose a one-time 5% tax on billionaires to fund healthcare, and the debate over its economic impact has national stakes.
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