California has over 200 billionaires that could be hit by a proposed wealth tax. Several have recently moved assets out of the state.

The Big Money Show’ panel reacts to billionaires fleeing California as Gov. Gavin Newsom’s proposed wealth tax sparks backlash and red state migration.

Some people think a proposed tax on California's billionaires to make up for cuts in federal funding to hospitals and healthcare programs will drive money out of the state.

The proposed levy on people worth 10 figures and above has rattled Silicon Valley and split Democratic leaders

California Congressman Darrell Issa discusses reports that as many as 20 billionaires could leave the state amid concerns over a proposed new wealth tax which critics say is driving high-net-worth taxpayers out of California on ‘The Evening Edit.

Larry Page’s apparent Florida move highlights how seriously the ultra-rich are taking a one-time tax aimed at extreme wealth inequality.

California helped make them among the richest people in the world. Now they’re fleeing because California wants a little something back. The proposed California Billionaire Tax Act has plutocrats saying they are considering deserting the Golden State for fear they’ll have to pay a one-time,

California's non-partisan Legislative Analyst's Office noted that state income tax revenues would likely decrease by hundreds of millions of dollars per year on an ongoing basis if the ultra-wealthy were to leave the state.