What business leaders are saying — and doing — about California's proposed billionaire tax

Palmer Luckey, Jensen Huang, Elon Musk, and more have commented on California's billionaire tax proposal.

PATRICK T. FALLON/AFP via Getty Images; Isaac Wasserman/NCAA Photos via Getty Images; Patrick T. Fallon / AFP via Getty Images

• Bill Ackman, Alexis Ohanian, Jensen Huang, and more business leaders have publicly reacted to California wealth tax proposal.
• State labor groups proposed a 5% tax for California residents whose assets exceed $1 billion.
• Some billionaires, like Larry Page, have taken action to relocate.