The Golden State is losing its glitter as the Billionaire Tax Act triggers a high-stakes escape. California’s elite business titans aren’t just complaining about the new levies — they are fleeing the state entirely, taking their massive tax contributions and corporate headquarters with them. 

CEO of Meta, Mark Zuckerberg, one of the richest people living in California, whose net worth is estimated to be between $240 billion, including his assets and investments, has bought a new residence in Florida.

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The Billionaire Tax Act allows payments to be spread over five years, which would amount to $2.4 billion per year, for a total of $12 billion. Putting this into perspective, Zuckerberg alone would be enough to fund the entirety of California’s Department of Parks and Recreation for years. In order to pay this tax, Zuckerberg would have to liquidate........

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