'Billionaires Should Stop Hiding,' Chamath Palihapitiya Says, Urges Public Opposition To California Billionaire Tax Act

Venture capitalist Chamath Palihapitiya said billionaires should publicly oppose California's proposed Billionaire Tax Act, warning that the measure could unleash years of lawsuits, destabilize the state budget and ultimately force a federal bailout. Palihapitiya Pushes For Public Vote On Billionaire Tax Act On Saturday, Palihapitiya made the remarks in a post on X while responding to tech investor and political strategist Lulu Cheng Meservey, who argued that billionaires should not be the primary voices ...