‘Don't leave': Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world' are OK with him [Fortune]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Fortune
residents, including Meta CEO Mark Zuckerberg and Google co-founders, Larry Page and Sergey Brin, to flee to Nevada and Florida. But Nvidia CEO Jensen Huang is doubling down on his commitment to the Golden State. Recommended Video “I say to everybody, ‘Move to California, don't leave.' It's the highest taxes in the world, but it's okay,” Huang said in conversation with Congressman Ro Khanna (D-CA) at the Stanford Graduate School of Business last week. He added that the great weather is a bonus. Of course, Huang wasn't talking to just anyone, but one of the chief exponents of the wealth tax, nationwide and in California. In March, Khanna and Sen. Bernie Sanders (D-VT) introduced the “Make Billionaires Pay Their Fair Share Act,” a bill that would establish a 5% annual wealth tax on the more than 1,000 U.S.-based billionaires . And in December, Khanna was outspoken about the ballot initiative in California to impose a one-time 5% wealth tax on billionaires in the state. In a widely
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