California’s proposed wealth tax is sparking varied reactions among the state’s wealthiest residents, with Google co-founder Larry Page reportedly relocating business operations and Nvidia CEO Jensen Huang expressing indifference to the potential tax.

Reports indicate that Page has moved some business ventures outside of California, a move speculated to be a response to the proposed tax on individuals with net worth exceeding $30 million. While the precise details of the relocation remain unclear, the action highlights the potential impact of such policies on high-net-worth individuals and businesses.

In contrast, Huang, the CEO of Nvidia, a major technology company based in Santa Clara, California, has publicly stated he is “perfectly fine” with the proposed wealth tax. His perspective suggests a range of opinions among California’s billionaires regarding the tax’s potential effects and fairness.

The proposed wealth tax, currently facing legal challenges, aims to generate revenue for public programs by taxing the assets of the wealthiest Californians. Proponents argue it is a necessary measure to address income inequality and fund crucial social services. Opponents, including many business leaders, contend it could drive capital and talent out of the state, harming the economy. The varying responses from Page and Huang underscore the complex and potentially divisive nature of wealth taxation.

The legal challenges to the wealth tax are ongoing, and its ultimate fate remains uncertain. However, the reactions from prominent figures like Page and Huang provide a glimpse into the potential consequences of such policies for California's business landscape and the state's wealthiest residents.