Tech billionaires are making plans to bail on California ahead a possible ballot measure that would tax their assets to help pay for healthcare.
Sources told the New York Times that venture capitalist Peter Thiel has explored spending more time outside California and opening an office for his Los Angeles-based personal investment firm, Thiel Capital, in another state.
they should pass a law that requires you to pay a 400m exit fee for filing a change of address if your name is peter thiel or larry page, per person, for each member of the extended family
If they weren’t paying taxes in the first place, their departure only improves the environment.
‘Flee’?! Like cockroaches when the light is turned on?
Bye bitch
No they won’t.
It doesn’t even matter, they are rich enough to own mansions and corporate offices in every state in America, they can change their mailing address any time they want for whatever reason they want. It only makes work for the admin staff and accountants.
It’s like how people say they’re going to delete their account and go outside.
Excuse me. I resent that remark, I deleted Facebook and Reddit years ago. Haven’t been outside yet though.
Bye. Go to Texas or Florida. Next…
Greedy fucks should be totally stripped of their wealth wherever they go so as to (re)learn what its like down here with us
Let them flee all the way to Russia. Billionaires shouldn’t exist in the first place.
If you can’t contribute anything but only take take take, then get the fuck out of the whole country while you’re at it. And stay out!
I fear you have fundamentally misunderstood Capitalism and all it stands for.
No I don’t and that’s why I hate it.
People of California: Don’t threaten us with a good time. (Also, not like their tax dollars will be missed)
This happened in NJ and the billionaire who “left because of taxes” has both returned to the state since and pretty consistently stated he did not leave because of the tax hike and never said that was his motive. While I am sure these scumbags will do whatever is necessary to avoid paying taxes my point is don’t expect the media to not propagandize here.
The narrative being built is clearly one to make the average person think “increasing taxes on the wealthy will hurt us!” This is what happened in New Jersey. “If the tax increases are passed and David Tepper leaves it will cost the state hundreds of millions of dollars and ruin everything!”. It’s that domestic abuse shit; “you should just let me exploit the fuck out of you and if you don’t I’ll bail and it’s your fault for not letting me continue to do so”. Also fwiw while Tepper left NJ was fine and while his loss was notable to the tax budget it was not insurmountable by any means. NJ and California are already quite wealthy states.
If the billionaire class really had taxes as their top priority, or even near the top; they would have moved to Nigeria or something a long time ago. Instead, they stay in “commie-fornia” with high taxes … wonder why??? [because of so many reasons, from infrastructure to knowledge base…]
Are these the same billionaires who were going to leave New York? Or different ones?
I’m threatening to move if my landlord persists on collecting rent, that should get him to back off
they sound leave and to to Mars, where there’s no tax
