- Mark Cuban warned a proposed California "billionaire" wealth tax would drive founders out, saying "only idiot startup founders stay" because many are asset-rich but cash-poor.
- Business Insider found founders split: one said he'd move (likely to Miami), another would seriously consider leaving, while others argued people will stay for Silicon Valley's AI ecosystem.
- The wealth-tax measure goes to California voters in November, fueling debate about whether taxes will push startups and talent out of the state.
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