The billionaire wealth tax just got real for me.
A $60B data center sponsorship opportunity landed on my desk. The kind of platform that can change a career. The kind of “pinch me” moment founders and sponsors work a lifetime to earn. And then reality set in: California’s proposed billionaire wealth tax makes holding illiquid infrastructure equity while living in CA potentially untenable. Why? Because infrastructure wealth is not cash. A data center is concrete, steel, power infrastructure, covenants, and long-duration execution risk. You cannot sell off “a wing” of a 1GW campus to pay a tax bill. If the project does not distribute for…
The skinny
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