Snowbirds on hook for $60K in NYS taxes after panel doubts their move to Florida “Our clients prefer to remain in California and continue contributing to the state’s economy and civic life. But they will not remain if subjected to an unconstitutional confiscation of their wealth,” Spiro wrote. “We hope this can be resolved through political channels rather than through years of contentious litigation,” Spiro continued. Even Newsom is on record opposing the billionaire tax, a voter initiative sponsored by SEIU-United Healthcare Workers West union that needs about 870,000 signatures to qualify for the November 2026 ballot. The tax would collect 5% of the total wealth of roughly 200 billionaires and would apply to anyone worth over $1 billion who resides in California as of 2026. Proceeds would replenish federal cuts to health care and education, according to proponents. “We have one individual that represents one labor union in the state of California that has not collected one signature that is considering putting on the ballot, after he collects signatures, a wealth tax that the vast majority of labor opposes and almost everybody I know opposes,” Newsom said at the New York Times Dealbook summit on Dec. 3. Elon Musk relocated from California to Texas and has remained critical of the Golden State’s liberal politics. Getty Images Although Newsom has no direct authority to stop the tax, Spiro suggested he “discourage signature gathering, oppose qualification, and if necessary, campaign against passage” to prevent an exodus of capital and wealth from California. It’s not clear who Spiro is speaking for in the letter; the celebrity lawyer has repped rappers Jay-Z and Megan Thee Stallion, and New England Patriots owner Robert Kraft, in addition to handling various matters for Musk. Google co-founder Larry Page, venture capitalist Peter Thiel and investor Chamath Palihapitiya are among the California billionaires potentially preparing to flee California before the end of the year. Page and Thiel could be on the hook for roughly $12 billion and $1.2 billion, respectively, under the proposed billionaire tax. Attorney Alex Spiro asked Gavin Newsom to campaign against the billionaire tax or face painful consequences. AFP via Getty Images Musk, who founded multiple companies in California before moving to Texas in 2020, has had a tumultuous relationship with the Golden State and its governor. After growing Tesla and SpaceX in California, tensions arose when Musk defied the state’s strict Covid lockdowns. Newsom later said he wasn’t “worried” about Musk leaving the state. “I’ve had a lot of conversations with him, and we’re committed to the success and the innovation and the low-carbon, green-growth economy that he’s been promoting for decades and the state of California is accelerating in,” Newsom told CNBC in May 2020. Need West Coast news? The California Post is coming soon. Get in early. Sign up for our weekly newsletter before our 2026 launch. Thanks for signing up!