California millionaire slams Larry Page and Sergey Brin for cutting ties to avoid wealth tax
Fortune • • business
Key Points:
- Dave Nixon, a former healthcare executive and member of Patriotic Millionaires, moved from Florida to California seeking a community aligned with his values, praising California's focus on education, healthcare, and social equality.
- California's proposed 2026 Billionaire Tax Act aims to impose a one-time 5% tax on residents with net worths over $1 billion, expected to raise around $100 billion primarily for healthcare, education, and food assistance programs.
- Nixon dismisses fears that higher taxes will cause wealthy residents to flee, calling such claims "myths" used to deter tax increases, and criticizes billionaires like Google founders Sergey Brin and Larry Page for considering leaving California due to the tax.
- Philanthropist Maureen
