California just pulled off the political version of shooting itself in the foot—and then bragging about it on national TV. The state’s shiny new “billionaire’s tax,” aimed at soaking the rich to fund more bloated government programs, just backfired in real time. Larry Page, the co-founder of Google and one of the richest men on the planet, looked at the tax hike, packed his bags, and said, “I’m out.”
That’s right—Page has officially moved his business operations out of California. A massive loss for the state’s economy, but apparently, Gavin Newsom and his cronies think rich people will just sit around and take it while Sacramento bleeds them dry.
Here’s the genius plan: California lawmakers decided they would jack up taxes on the wealthiest people in the state to cover their ever-growing pile of public spending. Sounds great in a socialist fantasy novel, but in the real world? Rich people have options—and Page just exercised his.
And let’s be honest, this isn’t just about Larry Page. He’s the canary in the coal mine. When billionaires flee, they take their companies, jobs, and tax dollars with them. California is already dealing with skyrocketing crime, crumbling infrastructure, and a homelessness crisis that looks more like a zombie movie than a functioning city. Now they’re chasing away the only folks left footing the bill.
This is what happens when you let far-left lawmakers run wild with other people’s money. They think they’re Robin Hood, but they’re just robbing the future of their own state.
So what’s next? More taxes, fewer businesses, and even more Californians heading for the exits. Texas and Florida must be sending thank-you cards at this point.