“I mean, the way that law is written is, my sense is it's reasonably broad in terms of once it passes, they can reimplement it. They can lower the bar in future years, etcetera. Yeah. And my sense is in '28, there's increasing talk about also trying to, add a exit tax in California.”
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California legislature introduces or passes legislation creating an exit tax (tax on wealth/income upon relocation) by end of 2028.
Only one company (besides existing trillion-dollar AI companies) will reach trillion-dollar valuation in the next 3-5 years.
California's wealth tax and ballot harvesting initiatives will cause significant founder/tech worker migration out of the state.
Stanley Ting predicts DoorDash will have more human Dashers in 10 years despite autonomous delivery expansion.
Venture valuations will rise significantly over the next 1-2 years, more than current levels.
Texas will become a major hub for energy and hardware innovation, attracting migration from Silicon Valley.
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