Billionaire entrepreneur Palmer Luckey has announced that he will remain in California and oppose Proposition 40, which would impose a one-time tax on billionaires. The Oculus founder and Anduril co-founder has therefore chosen not to leave the state, unlike several of his peers who are considering relocating. Prediction markets assigned the proposal a 23.5% chance of being approved, down slightly from 24% the previous day. Voter sentiment, statements by influential figures, and any residency announcements from other billionaires will be closely watched ahead of the November election.
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