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Business Leaders React to California’s Wealth Tax Proposal

Bill Ackman, Palmer Luckey, Garry Tan, and more are sharing their opinions on a California billionaire tax proposal.

The billionaire CEO of Pershing Square Holdings wrote Monday on X that he was “opposed to wealth taxes because they effectively represent an expropriation of private property,” which can have “unintended and negative consequences.”
However, he said h… [4107 chars]

Source: Business Insider | Published: 2025-12-30T22:01:44Z

Credit: Business Insider

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