this post was submitted on 28 Dec 2025
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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.

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[–] boydster@sh.itjust.works 92 points 8 hours ago (2 children)

Ooo let's make it nationwide then

[–] LifeInMultipleChoice@lemmy.world 36 points 8 hours ago (1 children)

% of profits made in the state off standard pricing, tax the company. The company can choose to not sell their products in the state. If Google/Apple/whomever decides they don't want their products used in the state and lose 40m customers, that's their choice.

[–] keyhoh@piefed.social 20 points 7 hours ago (1 children)

Go one further. If a company doesn't want to make it's product available in an area, that area has full access to all of its intellectual property and anyone can duplicate their work and profit off of it.

And while your at it have a mandatory hazard pay for employees that have to deal with customers to act like assholes. If acting like an ass to people doesn't have any penalties people will always feel like they are entitled to act like such, and slowly drive people to suicide. If the company has to pay the hazard pay, they'll actually figure out policies to ensure they treat others how they want to be treated, or it'll be cheaper to tell that customer to bugger off.

Acting like an ass shouldn't ever get you anywhere but asked to leave

[–] salacious_coaster@feddit.online 1 points 3 hours ago

As long as we're wishing for shit that will never happen, I have some ideas on how to use a time machine

[–] Steve@communick.news 54 points 8 hours ago

Taxes don't have to care where you live. If done properly, all that matters is where the assets are. You want to do more than $1B(or whatever number makes sense) of buisness in California? You need to create a California based subsidiary to handle it all. And share holders of that buisness pay tax on the value of those shares. Then it doesn't matter where Alphabet or Google or their CEOs are located.

[–] LordMayor@piefed.social 53 points 5 hours ago (3 children)

“Leave” as in claiming their primary residence is in Florida while spending all of their time in California.

[–] Shirasho@lemmings.world 21 points 5 hours ago

Puerto Rico does it right. In order to claim primary residence there you have to physically be there for something like 180 days of the year without any travel. States need to do that too.

[–] salacious_coaster@feddit.online 7 points 3 hours ago* (last edited 3 hours ago)

I live in a regional hub in a red area. All the people who live in the surrounding counties split their time between shitting on the "big city" and spending all their time here without paying any taxes

[–] Tollana1234567@lemmy.today 4 points 2 hours ago* (last edited 2 hours ago)

i doubt he wants to be associated with florida right now, considering what happened to his sidepiece last year, involving windows. thiel is a creature of habit, he hates anything news that unravel his behaviour.

[–] _chris@lemmy.world 47 points 5 hours ago (2 children)

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 8 points 4 hours ago (1 children)

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

[–] VoteNixon2016@lemmy.blahaj.zone 4 points 4 hours ago

No, didn't you hear, everyone with more than $100 in savings fled New York now that Mamdani is the Supreme Leader there

[–] Tollana1234567@lemmy.today 4 points 2 hours ago

they tried this with zohran in nyc, none left. RICH people wont live in red hellholes like kentucy, nebraska or alabama.

[–] avidamoeba@lemmy.ca 40 points 8 hours ago* (last edited 8 hours ago)

Threatening people with a good time? A bold strategy Cotton!

[–] resipsaloquitur@lemmy.world 38 points 8 hours ago
[–] frongt@lemmy.zip 30 points 7 hours ago (2 children)

Sure, go to Texas. See how they like people moving from California.

[–] gravitas_deficiency@sh.itjust.works 27 points 7 hours ago (2 children)

And remember: Thiel is gay. So I hope he gets the maximum dose of homophobia and hostility from ignorant, prejudicial Texan chuds, too.

[–] sp3ctr4l@lemmy.dbzer0.com 20 points 6 hours ago* (last edited 6 hours ago) (1 children)

He's also ~~obsessed with~~ the AntiChrist, which is a somewhat controversial identity status amongst Evangelical and Baptist Christians.

[–] Earthman_Jim@lemmy.zip 6 points 5 hours ago

He's certainly the antithesis of Christ, along with Musk and Trump.

[–] Tollana1234567@lemmy.today 1 points 2 hours ago

thiel himself is pretty homophobic as well, he thinks he protected if he is homophobic. Even to the point his model bf voice concerned, but died last year after "falling out a tall story apartment complex"

[–] Tollana1234567@lemmy.today 1 points 2 hours ago

thiel dint want to be in FLORIDA, after his SIDEPIECE was defenestrated last year.

[–] kiku@feddit.org 29 points 5 hours ago (1 children)

This How Money Works video talks about these hollow threats. In short, they probably would leave anyway.

[–] fodor@lemmy.zip 7 points 3 hours ago

They're lying. They won't go. They're so rich that they don't have to worry about this kinda money. That's the whole point of being rich, after all.

[–] oh_@lemmy.world 22 points 8 hours ago

Go. Please go. They say this all the time, I really wish they would.

[–] HisArmsOpen@crust.piefed.social 16 points 2 hours ago

Keep those evil fuckers running!

[–] Almacca@aussie.zone 13 points 8 hours ago

Bet they don't.

[–] AngryRobot@lemmy.world 12 points 2 hours ago

The ultra wealthy said the same thing about New York City, they aren't going anywhere.

[–] ElcaineVolta@kbin.melroy.org 12 points 7 hours ago

we should just confiscate their ill-gotten gains, afterward they can move around wherever they'd like!

[–] BoycottTwitter@lemmy.zip 12 points 5 hours ago

How about taxing billionaires in all 50 states, a federal billionaire tax and all other countries impose a billionaire tax. Make them have nowhere to go.

[–] aesthelete@lemmy.world 10 points 3 hours ago* (last edited 3 hours ago)

BYE! I'd say "don't let the door hit you in the ass" but that's unlikely as you're all ass.

[–] MantisToboggon@lemmy.world 7 points 8 hours ago

Good fuck em.

[–] eestileib@lemmy.blahaj.zone 6 points 8 hours ago

Fuck up some other state's politics for a change.

[–] qevlarr@lemmy.world 5 points 53 minutes ago

We should hold a farewell party and hold them to it

[–] nonentity@sh.itjust.works 5 points 4 hours ago

Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.

[–] Diplomjodler3@lemmy.world 3 points 5 hours ago (1 children)

Don't let the door hit you on the way out!

[–] turdburglar@piefed.social 2 points 5 hours ago* (last edited 4 hours ago)

do we really care if the door hits them tho?

[–] VitoRobles@lemmy.today 2 points 56 minutes ago

They should flee earth. Start living on the moon and leave the rest of society.

[–] Crackhappy@lemmy.world 1 points 1 hour ago

Boo. Hoo. Oh wait. Too many letters to spell out Google.