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Palmer Luckey, founder of defense startup Anduril, criticized California's proposed billionaires' tax, which targets individuals with over $1 billion in wealth and could threaten his company. He emphasized his choice to fly coach as a leadership example and expressed concerns about potential asset seizures and wage garnishments if the tax is enacted retroactively from January 1, 2026. Other tech billionaires are also considering relocating their businesses in response to the tax proposal.