Coinbase CEO considers California exit over wealth tax

Coinbase CEO Brian Armstrong is considering relocating from California due to the state's proposed wealth tax, which targets billionaires and has prompted many tech elites to leave or oppose the legislation. He criticizes the tax as "deeply un-American" and potentially unconstitutional, expressing concerns about increased government waste and fairness. Armstrong has previously indicated plans to move his residence out of California and highlighted the broader industry opposition to the tax, which is scheduled for a vote in November.

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