Upset Palmer Luckey is not leaving California over 'Billionaire tax'

TL;DR

• Palmer Luckey, founder of defense-tech firm Anduril Industries, says he is not leaving California despite a proposed billionaire wealth tax
• Luckey opposes the tax, arguing it could push wealthy residents out of the state and hurt California's economy
• He is particularly critical of taxing super-voting shares, saying it unfairly singles out tech executives

Why It Matters

This story centers on a California tax policy debate involving a prominent tech founder and has no direct India-US angle; its broader significance lies in how proposed wealth taxes on tech executives could shape where innovation and investment are concentrated in the US.