California Governor in SHOCK as Google Co-Founder ABANDONS State | Rachel Walsh

Описание: Three weeks ago, Larry Page moved every major business entity he controls out of California. Days before a January 1st, 2026 deadline that could have cost him $13 billion.
Google's co-founder isn't just leaving. He's executing a coordinated exit strategy alongside Larry Ellison, Peter Thiel, and Sergey Brin. California's billionaire class is fleeing a wealth tax that hasn't even been voted on yet. And Governor Gavin Newsom knows exactly why—even as he publicly opposes it—this could trigger California's complete fiscal collapse.
🔥 What We Uncovered:

Larry Page moved 4 major entities out of California in December 2025 (Koop LLC, Flu Lab, One Aero, Dynatomics)
January 1, 2026 retroactive deadline—anyone resident on that date owes 5% of total wealth
Page's $270 billion net worth = $13 billion tax bill if measure passes November 2026
Larry Ellison ($192B) sold SF mansion for $45M, would owe $9.6 billion
Peter Thiel opened Miami office, Sergey Brin also exited before deadline
SEIU-UHW pushing ballot measure to raise $100 billion from 200 billionaires
Newsom called it "really damaging" and "bad economics"—predicts defeat
Top 1% of earners pay 50% of California's income tax ($70B annually)
If 20% of wealthy flee, California loses $14B per year—forever
Jensen Huang (Nvidia CEO) says he's "perfectly fine" staying and paying

📊 THE MATH THAT DESTROYS CALIFORNIA:

$13B: What Larry Page would owe (5% of $270B net worth)
$100B: What union claims tax will raise over 5 years
$70B: Annual income tax from top 1% (they're leaving)
$14B: Annual loss if just 20% of wealthy exit
$165B: Revenue swing from $97B surplus (2021) → $68B deficit (2024)
$200B+: Potential 10-year loss if billionaires permanently relocate
42,000: Millionaires France lost to wealth tax before repealing it (2017)
90,000: Signatures needed to get measure on November 2026 ballot

⚖️ THE LEGAL TRAP:
Retroactive Tax: Applied to January 1, 2026 residents—but vote doesn't happen until November 2026. This means:

Billionaires had 10 months warning to escape before trap closed
Likely unconstitutional under Due Process Clause (retroactive new tax)
Violates Dormant Commerce Clause (taxes worldwide assets)
May violate California Constitution's uniformity requirements
Penalizes interstate travel (constitutional right)

November 2026: Voters decide. If it passes:

Immediate legal challenges (years of litigation, zero revenue collected)
More billionaires flee even if courts haven't ruled
Investment in CA startups freezes (who wants retroactive tax risk?)
Companies accelerate relocations to Texas, Florida, Nevada

📌 SOURCES:

California Secretary of State business entity filings (December 2025)
Fox News Digital, Business Insider, SF Chronicle (Page/Ellison moves)
New York Times DealBook (Newsom interview, January 2026)
SEIU-UHW official campaign website
California Attorney General's Office (ballot measure #25-0024)
Legislative Analyst's Office (fiscal impact analysis)
Baker Botts legal analysis (constitutional challenges)
Tax Foundation report (wealth tax vulnerabilities)
Bloomberg Billionaires Index (net worth valuations)
CBS News, TIME, ABC10 (wealth tax coverage, January 2026)

DISCLAIMER: This video analyzes a proposed ballot measure using publicly available legal filings, government documents, and news reports from December 2025-January 2026. Tax liability calculations are based on published net worth estimates and the proposed 5% rate. Legal analysis cites published reports from law firms and tax policy organizations. All information is current as of January 28, 2026.

#California #LarryPage #Google #WealthTax #BillionaireTax #GavinNewsom #LarryEllison #PeterThiel #SiliconValley #CaliforniaExodus #Taxes #Oracle #SEIU #Economy #Politics #TechIndustry #SergeyBrin #JensenHuang #Nvidia #RetroactiveTax #ConstitutionalLaw

💬 DROP A COMMENT: If you built a company and became a billionaire, and your state told you that you owe them 5% of everything you own in one retroactive tax bill, would you pay it or would you leave? Answer honestly—because 200 California billionaires are answering right now.