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.

  • _chris@lemmy.world
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    2 months ago

    They won’t leave. They’re just trying to scare idiots into voting for policies that only benefit the rich and their ilk.

    • RustyShackleford@piefed.social
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      2 months ago

      Exactly they won’t move, this is like when people threaten to move if something happens, and when it does happens, nothing.