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.

    • LifeInMultipleChoice@lemmy.world
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      5 days ago

      % 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.

      • guyincognito@piefed.social
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        5 days ago

        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.

        • LifeInMultipleChoice@lemmy.world
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          4 days ago

          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

      • melfie@lemy.lol
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        4 days ago

        Ah, so that’s why billionaires are all investing in space travel. Fuck you Earthlings, my primary residence is my space yacht.