Proposed California wealth tax sparks debate: Will billionaires leave the state?

California is considering a groundbreaking wealth tax aimed at its 250 billionaires to fund healthcare, sparking heated debate on whether this could drive the wealthy out of the state. If passed, it would be a first-of-its-kind levy, raising concerns about potential economic repercussions. The debate underscores broader questions about the role of wealth redistribution and its impact on innovation and talent retention in one of the nation's most influential states.