New Delhi, Jan. 10 -- The restructuring of Larry Page and Sergey Brin's California footprint signals deep unease in Silicon Valley as the state edges toward an unprecedented billionaire wealth tax.

California has introduced a groundbreaking wealth tax aimed at billionaires, with the state's legislature explicitly targeting tech magnates, including Google co-founders Larry Page and Sergey Brin. The proposal, set against the backdrop of mounting concerns over economic inequality, marks one of the most aggressive attempts by a US state to impose fiscal responsibility on its ultra-wealthy citizens.

The legislation, announced on January 9, 2026, would levy an annual tax on net assets exceeding $50 million, a measure proponents argue is long ...