If You Tax Them, Will They Leave?
Summary
The Atlantic analyzes California's proposed one-off wealth tax on the state's billionaires and the high-stakes bets on whether it would trigger capital flight. It contrasts pro-tax arguments about fairness with anti-tax fears that founders will move, and explains the tax design intended to blunt flight, such as retroactivity, multi-year payment, and asset deferral. The piece also highlights how tax decisions could reshape California's tech ecosystem and state revenues.