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'Seven Billionaires I Know Have Already Left' — Luxury Real Estate Broker Josh Altman Says California's 5% Wealth Tax Risks A 'Trickle-Down Effect'
A proposed 5% wealth tax on California residents worth more than $1 billion is drawing criticism from luxury real estate broker Josh Altman. "Seven billionaires I know have already left," Altman recently told Fox Business. The measure would, if approved by voters, impose a one-time levy on those residents, with payments beginning in 2027 and spread over five years, according to the Legislative Analyst's Office — a structure that has sparked discussion among business leaders and policymakers nati
A proposed 5% wealth tax on California residents worth more than $1 billion is drawing criticism from luxury real estate broker Josh Altman. "Seven billionaires I know have already left," Altman recently told Fox Business. The measure would, if approved by voters, impose a one-time levy on those residents, with payments beginning in 2027 and spread over five years, according to the Legislative Analyst's Office — a structure that has sparked discussion among business leaders and policymakers nati
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