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National News

The Times of India

National / The Times of India

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

Although the proposed billionaire wealth tax looms over California, Palmer Luckey, the founder of Anduril Industries, remains steadfast in the state. He stands against the tax, arguing that it could drive away residents and negatively impact California's economy. Luckey expresses particular concern over the implications of taxing super-voting shares, which he believes unfairly target tech executives.

28 Oct 2026 7:47 am