Coinbase CEO weighs relocating from California over proposed wealth tax legislation

Brian Armstrong is considering joining other tech executives in leaving California after lawmakers advanced a controversial union-backed wealth tax that critics label economically damaging.

26 Aug, 19:05 — 26 Aug, 19:05

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zerohedgeLow11h ago

Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal

Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal Coinbase CEO Brian Armstrong could be the next Silicon Valley billionaire to flee California over a union-backed, draconian wealth tax scheme that critics slam as a radical wealth grab. “I think it’s deeply un-American to seize people’s assets. It might be unconstitutional,” Armstrong, who has an estimated net worth of $8.8 billion, said of the proposal during an interview on the “T...

By Tyler Durden

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Coinbase CEO weighs relocating from California over proposed wealth tax legislation

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Coinbase CEO Considers Joining California Exodus Over "Deeply Un-American" Wealth Tax Proposal

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