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Nvidia chief executive Jensen Huang says he would be comfortable paying a potential $8bn California wealth tax, calling it a privilege. His comments, reported by Coinpaper from a CBS Sunday Morning interview, stand out amid a tech-industry fight over how to tax fortunes built largely on company shares.

Coinpaper describes Proposition 40 as a proposed one-off 5% tax on the covered net worth of qualifying billionaires who were California residents on 1 January 2026. Voters are due to decide on it on 3 November; the $8bn figure is an estimate, not a settled bill. That makes Huang’s position a notable personal intervention from the leader of a company whose AI boom has helped create enormous shareholder wealth.

Discuss: Should technology leaders publicly back taxes on fortunes tied to their companies, even when the final bill is uncertain?

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