importantSYS.SOURCE: TechCrunch• 2026-10-27T13:01:00Z

Palmer Luckey Refuses to Leave California Despite Proposed Wealth Tax

#wealth tax #startups #policy #corporate governance

Billionaire Palmer Luckey refuses to leave California despite opposition to the state's proposed wealth tax, citing concerns about its impact on corporate control and voting rights. The tax would target unrealized assets and could impose significant financial burdens on tech entrepreneurs like Luckey, who values maintaining control over his defense tech company Anduril.

"It's causing a lot of people to run who I don't want to be running," native Californian Palmer Luckey said. "But I'm planning on staying in California. I'm going to keep fighting it."

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> META AI DIRECTOR ROHIT PATEL LAUNCHES NDOC TO CHALLENGE MICROSOFT OFFICE AND GOOGLE WORKSPACE > FORD FATHOM EV TO OFFER HOME POWERING CAPABILITIES AT LOWER COST > US GOVERNMENT WARNS OF ACTIVE EXPLOITATION OF CRITICAL PHP VULNERABILITIES > APPLE LAUNCHES 14-INCH MACBOOK PRO FEATURING M6 CHIP WITH ENHANCED PERFORMANCE AND CONNECTIVITY > APPLE RELEASES IOS 27.2 WITH ENHANCED SIRI AI LANGUAGES AND CRITICAL SECURITY PATCHES > GMO INTERNET CONFIRMS DATA BREACH INVOLVING STOLEN CUSTOMER INFORMATION > PALMER LUCKEY REFUSES TO LEAVE CALIFORNIA DESPITE PROPOSED WEALTH TAX > ANDURIL AND QUALCOMM UNVEIL BLUECHIP: A U.S.-MADE HARDENED LAPTOP WITH DOMESTIC SUPPLY CHAIN > GENERAL COMPUTE SECURES $100M SERIES A FUNDING AMID NEOCLOUD MARKET VOLATILITY > OPERA LAUNCHES WEBAI STANDARD FOR LOCAL BROWSER-BASED AI DEPLOYMENT> META AI DIRECTOR ROHIT PATEL LAUNCHES NDOC TO CHALLENGE MICROSOFT OFFICE AND GOOGLE WORKSPACE > FORD FATHOM EV TO OFFER HOME POWERING CAPABILITIES AT LOWER COST > US GOVERNMENT WARNS OF ACTIVE EXPLOITATION OF CRITICAL PHP VULNERABILITIES > APPLE LAUNCHES 14-INCH MACBOOK PRO FEATURING M6 CHIP WITH ENHANCED PERFORMANCE AND CONNECTIVITY > APPLE RELEASES IOS 27.2 WITH ENHANCED SIRI AI LANGUAGES AND CRITICAL SECURITY PATCHES > GMO INTERNET CONFIRMS DATA BREACH INVOLVING STOLEN CUSTOMER INFORMATION > PALMER LUCKEY REFUSES TO LEAVE CALIFORNIA DESPITE PROPOSED WEALTH TAX > ANDURIL AND QUALCOMM UNVEIL BLUECHIP: A U.S.-MADE HARDENED LAPTOP WITH DOMESTIC SUPPLY CHAIN > GENERAL COMPUTE SECURES $100M SERIES A FUNDING AMID NEOCLOUD MARKET VOLATILITY > OPERA LAUNCHES WEBAI STANDARD FOR LOCAL BROWSER-BASED AI DEPLOYMENT