Californians fear billionaire tax will cause businesses to flee: poll

Source: New York Post

A majority of California voters fear that the billionaire tax will force businesses to flee the state — as the controversial proposal has only reached 25% of the signatures it needs to make the ballot. In a new poll, 64% of respondents were worried that the 5% wealth tax on billionaires will drive businesses out of the state. FIfty-four percent were worried about billionaires leaving, while 59% were concerned about the loss of future tax revenue as wealthy taxpayers flee.