A top executive at Meta has announced plans to leave a U.S. state following the passage of a proposed wealth tax, which has not yet taken effect. The decision comes as lawmakers in the state continue to debate the financial burden such a tax could impose on high-net-worth individuals and corporations. Critics argue the measure could drive businesses and talent away, while supporters maintain it would fund critical public services. The move raises questions about how states balance progressive taxation with economic competitiveness.
The Meta boss had said he would exit the state over a wealth tax that has not yet come into force.
