Next articleAmerican billionaire is exploring the possibility of moving from California

American billionaire Rick Caruso brought in lawyers and consultants to assess the consequences of the possible introduction of a five percent tax on the wealth of super-rich residents in California. The entrepreneur allowed to move from the state and move the business to other regions of the United States. He said this in an interview with the New York Post.

Caruso said the financial implications of the new tax initiative required serious scrutiny. He confirmed that he had consulted specialists to determine how the extra payments would affect his business and family.

The entrepreneur, who owns The Grove entertainment complex in Los Angeles and the Rosewood Miramar Beach resort, was considering moving the business to Miami or Austin. According to him, the introduction of the tax could significantly reduce his condition.

We are talking about an initiative called Proposition 40, put to a vote in California during the midterm elections in the United States. The document provided for a one-time fee of 5% on residents of the state whose fortune exceeds one billion dollars.

Supporters of the initiative expected to receive up to $ 100 billion in the budget. These funds will be used for social and infrastructure projects.

However, according to the preliminary results of the vote count, about 53% of voters opposed the introduction of the tax.

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