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':"";if(a){var r=n.promos.showYahooLogo?"":"yns-no-logo";a=a.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",r).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?H:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",a).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,a=void 0,r=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var 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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Jing PanTue, January 13, 2026 at 6:33 PM GMT+1 8 min readBrian Ach, and Fabrice Coffrini / Getty ImagesMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.The threat of a new billionaire tax in California has triggered a wave of wealthy residents heading for the exits. And according to famed venture capitalist Chamath Palihapitiya, that exodus won’t slow down as long as the proposal remains on the table — with potentially severe repercussions for everyone else who calls California home.“More calls from friends. The total wealth that has left California is now $1T,” Palihapitiya wrote in a recent post on X (1).Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPPre-IPO tech investing isn’t just for the ultrawealthy anymore. With Fundrise Venture Capital, you can access a curated portfolio of innovative private companies — starting at $10. Join 350,000+ investors today“We had $2T of billionaire wealth just a few weeks ago. Now, 50% of that wealth has left — taking their income tax revenue, sales tax revenue, real estate tax revenue and all their staffs (and their salaries and income taxes) with them.”The proposed billionaire wealth tax is a ballot initiative backed by the Service Employees International Union - United Healthcare Workers West (SEIU-UHW), which represents more than 120,000 health care workers and patients. If enacted, it would impose a one-time 5% tax on the wealth of the state’s billionaires.The measure would apply to assets including businesses, securities, art, collectibles and intellectual property, while excluding real estate and certain pensions and retirement accounts.According to the California attorney general’s summary of the initiative, these wealth tax revenues would “probably” add up to tens of billions of dollars spread over several years (2).Palihapitiya sees things very differently. In his view, California’s finances will worsen dramatically because many billionaires will simply leave — taking tax revenues and jobs with them.“California billionaires were reliable tax payers…. They were the sheep you could shear forever. Now California will lose this revenue source FOREVER,” he wrote, warning that the state’s budget deficit “will explode.”“Unless this ballot initiative is pulled, we will not stop the billionaire exodus. With no rich people left in California, the middle class will have to foot the bill.”Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,963.25 -3.00 (-0.04%)Dow Futures49,338.00 -18.00 (-0.04%)Nasdaq Futures25,614.00 -17.00 (-0.07%)Russell 2000 Futures2,667.70 +1.60 (+0.06%)VIX16.75 +0.77 (+4.82%)Gold4,591.60 -44.10 (-0.95%)Trending tickersBTC-USD Bitcoin USD 96,239.33 +1,253.73 (+1.32%)ROLR High Roller Technologies, Inc. 18.89 +15.37 (+436.65%)RIVN Rivian Automotive, Inc. 17.50 -1.35 (-7.16%)MDB MongoDB, Inc. 386.89 -24.30 (-5.91%)TWLO Twilio Inc. 123.03 -6.80 (-5.24%)PortfolioSign in to access your portfolioSign inTop gainersCRML Critical Metals Corp. 17.93 +4.41 (+32.58%)BTDR Bitdeer Technologies Group 14.76 +1.99 (+15.58%)EWTX Edgewise Therapeutics, Inc. 28.17 +3.22 (+12.91%)LUNR Intuitive Machines, Inc. 19.76 +2.19 (+12.46%)VKTX Viking Therapeutics, Inc. 34.34 +3.65 (+11.89%)Top losersTCOM Trip.com Group Limited 62.78 -12.90 (-17.05%)DAVE Dave Inc. 185.46 -26.26 (-12.40%)VIA Via Transportation, Inc. 24.05 -2.82 (-10.49%)PSO Pearson plc 12.99 -1.40 (-9.73%)NAVN Navan, Inc. 15.66 -1.59 (-9.22%)Most activeNVDA NVIDIA Corporation 183.14 -2.67 (-1.44%)INTC Intel Corporation 48.72 +1.43 (+3.02%)BBAI BigBear.ai Holdings, Inc. 6.26 +0.17 (+2.79%)ONDS Ondas Holdings Inc. 13.56 -0.33 (-2.38%)PLUG Plug Power Inc. 2.3500 +0.0700 (+3.07%)Top economic eventsEarnings eventsMy earnings eventsEarnings events