This is an insanely important development: Mark Zuckerberg and Meta are preparing to restructure the company so that Zuckerberg can pay the 5% one-time wealth tax he would owe if the billionaire tax passes in November. He has said he would leave the state. He obviously was bluffing. That's $10 billion to California's education and health system. Just from him. Jensen Huang has also said he'd stay, that's another roughly $10 billion. To be sure, some small number of billionaires will leave California, but most won't. What this also shows if that it is done on a national level, billionaires will fight it, but will ultimately fall in line.