Mon - Fri 8:00 - 6:30

Sunday, Sep 20, 2026

HALO NEWS

Health And Legacy Observer • Newsroom
HALO News Business California entrepreneur warns billionair...
Advertisement
[ Google AdSense Responsive Leaderboard • 970x90 / 728x90 ]
Business • HALO Reporting

California entrepreneur warns billionaire wealth tax could trigger 'giant sucking sound' of business exits

California entrepreneur warns billionaire wealth tax could trigger 'giant sucking sound' of business exits

California entrepreneur Eric Schiffer warned that the state's proposed billionaire wealth tax could drive some of its most successful business leaders out of California, predicting a "giant sucking sound" of entrepreneurs heading for the exits if voters approve the measure.Schiffer, chairman of family office Patriarch and CEO of Reputation Management Consultants, told FOX Business that he works with several billionaire clients, including some in California, and said many are unhappy about the proposal."I think the impact of this passing in California is a giant sucking sound of all of these en...

HALO NEWSLETTER

Join HALO today and unlock this story instantly — It's Free

HALO Observer Insight An independent HALO consumer takeaway — for costs, wellness, or policy context — will appear here automatically for this story. HALO adds this original editorial insight to every syndicated report before publication.
Contributors
Wayne G Fraser headshot
Wayne G Fraser
HALO Contributor
Insurance Broker Insurance Industry
State Georgia, North Carolina, South Carolina
NPN 17934945

Trending Healthcare & Culture Topics — Explore Directory