Nvidia CEO Jensen Huang remains unfazed by a proposed tax on California billionaires, which could cost him an eye-watering $8 billion. Critics fear talent may flee the state. Venture capitalist Peter Thiel and Google co-founder Larry Page are already considering leaving.

Critics highlight the potential exodus of wealthy individuals if the tax is implemented. Huang, however, seems unconcerned, stating, “I’m perfectly fine with it, it never crossed my mind once.” Nvidia executives like CFO Colette Kress and EVP Jay Puri could also be impacted.

Despite the tax proposal, Nvidia has managed to retain talent with effective compensation packages. Huang boasts of creating more billionaires in his management team than any other CEO. He prioritizes taking care of employees, maintaining a motivated and loyal workforce.

Read more at Yahoo Finance: Jensen Huang is ‘perfectly fine’ with a billionaire tax, shrugging off concerns that it might scatter Silicon Valley’s talent pool