Mark Cuban, entrepreneur and investor, has publicly criticized California’s proposed billionaire tax, which would impose a one-time 5% levy on residents with a net worth above $1 billion. The measure has qualified for the November 2026 ballot, sparking intense public and political debate. Cuban suggests that startup founders who remain in California under such a tax scheme might be acting unwisely, reflecting growing concerns about economic migration. Prediction market odds indicate a 30.5% probability of passage, down from 34% the previous day.
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