Larry Page loosens business ties to CA amid state’s proposed wealth tax, report

Core Viewpoint - Larry Page is relocating business assets from California due to a proposed tax on billionaires, indicating a strategic response to potential financial burdens [1][2] Group 1: Business Relocation - Larry Page has begun reincorporating several business entities in Delaware, including his family office, Koop, and other ventures like Flu Lab, Dynatomics, and One Aero [1] - Page is reportedly no longer residing in California, suggesting a significant personal and business shift [1] Group 2: Proposed Tax Impact - The proposed tax would impose a 5% tax on individuals with assets worth $1 billion, prompting Page and other billionaires to consider leaving the state [2] - Other notable figures opposing the ballot initiative include David Sacks, Palmer Luckey, and Alexis Ohanian, indicating a broader concern among wealthy individuals regarding the tax proposal [2]