Silicon Valley is actively strategizing against California's proposed billionaire tax, which targets wealthy individuals to address state budget deficits. The discussions highlight a broader conflict between the tech industry and state tax policies, as many in the industry view the tax as detrimental to their interests.

• A Signal group called "Save California" has become a coordination hub for Silicon Valley figures organizing opposition to a proposed 5% wealth tax on state billionaires.
• Participants span the political spectrum, including Palmer Luckey (Anduril), David Sacks (Trump administration), and Chris Larsen (Ripple, tied to Kamala Harris), showing bipartisan tech elite alignment against the tax.
• Beyond criticism, the group is workshopping alternative policy proposals and discussing relocating residency outside California to avoid the tax.
• The episode signals an organized, direct effort by tech billionaires to shape state tax policy amid fears of capital and talent flight from California.