Next Tuesday, Californians will vote on Proposition 40, which would impose a one-time 5% tax on the state’s billionaires. It would apply only to people whose primary residence was in California as of Jan. 1, 2026, so several of the state’s wealthiest residents have packed up and shipped out to avoid the extra tax.

One such figure was Travis Kalanick, Uber’s billionaire cofounder. Back in March, he said he had moved to Austin, Texas, on Dec. 18, 2025—just about two weeks before the tax would’ve applied to him. With an estimated net worth of $3.6 billion, Kalanick could have faced a $180 million tax bill. 

“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 told TBPN, hinting at the Jan. 1 cutoff. “Yeah, so I’m a primary resident of Texas.”

Unlike Google cofounder Larry Page, who spent $173.4 million on two Miami estates, Kalanick decided to plant his new roots in Texas. Jeff Bezos made a similar move, leaving Seattle for Miami before Washington passed a millionaires tax.

Read more [paywall removed for Redditors]: https://fortune.com/2026/10/27/billionaire-uber-cofounder-travis-kalanick-moved-to-texas-prior-to-january-dodging-180-million-hit-from-californias-billionaire-tax/?utm_source=reddit/

i’m voting for jane kim because tinkering around the edges at taxpayer expense as ben allen proposes is not a viable long term solution. plus ben allen is in the pocket of big insurance. unprecedented times like these (climate change) require bold leadership and new policies.

there have been a whole of misinformed takes on this race. i encourage people to read the article before commenting.
if you’re a bot, go away.