A proposed 5% wealth tax on California billionaires has sparked significant backlash among Silicon Valley's elite. Members of the tech community are gathering in a Signal chat group called “Save California” to voice their concerns and strategize against the tax. Notable participants include Palmer Luckey of Anduril, David Sacks from the Trump administration, and Ripple co-founder Chris Larsen, who has ties to Kamala Harris. The group not only criticizes the tax but also shares ideas for alternatives and some are even considering relocating outside California to escape the financial burden. The tension reflects a growing divide in California, with the tech industry increasingly vocal about its dissatisfaction with state policies. The wealth tax proposal has prompted discussions about the economic implications for billionaires and the potential for talent and capital flight from the state, as some of the wealthiest individuals contemplate moving their residences. The active engagement in this chat indicates a concerted effort by Silicon Valley figures to influence policy and protect their financial interests amid rising taxation.