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Coinbase CEO Considers Exiting California Over Proposed Billionaire Wealth Tax

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Sig1.85Sen-2.10Env0.00Soc-0.60Gov-0.80

Coinbase CEO Brian Armstrong said he is considering leaving California if voters approve Prop 40’s proposed one-time 5% wealth tax on billionaires. In a podcast appearance, he claimed tech founders are fleeing the state and warned Coinbase could follow, while noting the firm has a large San Francisco office lease and linking his opposition to alleged fraud and waste in government.

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