Travis Kalanick, the billionaire co-founder of Uber is the latest wealthy job creator abandoning the state of California, amid discussions of a ‘wealth tax’ in addition to their already high taxes.
He is moving to Texas, which will surely be happy to welcome him and his money.
This is one of the issues that California Governor Gavin Newsom is going to have to answer for when he inevitably runs for president in 2028.
California is bleeding wealth and people at an unbelievable rate.
The FOX Business Network reports:
Billionaire Uber co-founder Travis Kalanick admits strategically moving to Texas before California wealth tax
Billionaire and Uber co-founder Travis Kalanick officially joined the exodus from California, revealing he moved to Austin, Texas, just weeks before a proposed wealth tax could have targeted his estimated $3.6 billion fortune.
“Just to be clear, on December 18, I moved to Texas. I don’t know what’s so specific about December 18, but let’s just say it’s prior to January,” Kalanick said in an interview with TPBN.
“I get a little bit [of] FOMO on like, these people going to Florida. I’m like, dude! Why so much Florida action?” he continued. “Come on, homies.”
Kalanick left his San Francisco home for Texas just 14 days before the new year, when the retroactive residency deadline for the proposed billionaire tax would take effect.
While it has not yet qualified for the November ballot, the proposal — backed by the Service Employees International Union–United Healthcare Workers West (SEIU-UHW) — would impose a one-time 5% tax on the net worth of California residents with more than $1 billion in wealth. The tax would be due in 2027, and taxpayers could spread payments over five years, with additional fees, according to the California Legislative Analyst’s Office.
If the measure is approved by voters, anyone who was a California resident on Jan. 1, 2026, would owe the tax, according to the proposal. Based on Forbes’ estimates, Kalanick could owe roughly $180 million.
There is a very simple lesson here that the left refuses to learn.
Billionaire Uber co-founder Travis Kalanick is leaving California for Austin, Texas, joining the wave of departures from blue states—just weeks before a proposed wealth tax that could affect his $3.6 billion fortune. pic.twitter.com/BWo7iaM3SP
— GRANDPA’s FREE ADVICE (@GOP_is_Gutless) March 16, 2026
Progressives think they can just keep taking other people’s money to fund their utopia and nothing will happen. In reality, the people who have money will move to another place that is more hospitable. It’s not rocket science.
The post LAST ONE OUT, SHUT OFF THE LIGHTS: Yet Another Billionaire is Leaving California for Texas appeared first on The Gateway Pundit.