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.
These tax scofflaws are Giga-Karens.
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?
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 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.
Please elaborate
No I don’t and that’s why I hate it.
No they won’t.
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.
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.
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…]
Let them flee all the way to Russia. Billionaires shouldn’t exist in the first place.
Bye bitch
Greedy fucks should be totally stripped of their wealth wherever they go so as to (re)learn what its like down here with us
A.) No they’re not
B.) If they do, then good for everyone in California. Let them dodge taxes elsewhere.
Right? These fucking billionaires act like they’re existence is some kind of grace to everybody around them. As if they just exude money instead of continually extracting it from the economy making the lives of everyone around them worse.
I’m threatening to move if my landlord persists on collecting rent, that should get him to back off
Bye. Go to Texas or Florida. Next…
“Leave” as in claiming their primary residence is in Florida while spending all of their time in California.
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.
there’s no method to track that for interstate travel…and we certainly don’t need to give more data to the police state.
as with almost all the rest of the US’s problems, the root cause is a half-assed federal system
180 uninterrupted days or 180 total? I think my state does 181 total
I know Massachusetts has a law similar to this as well, though I don’t remember the details. I think it’s even something like you have to claim money that you make outside the state and taxes that you pay in other states so that the state can adjust your taxes accordingly. But there’s definitely something about needing to live there for at least 6 months or something in order to claim primary residency.
California is pretty strict about taxing you if you spend too much time there.
I’m in Washington state (no state income tax) and have had colleagues who’ve spent a lot of time in California warned by payroll that they’re approaching the limit on time before you’re deemed a tax resident (maybe 180 days per year, but I’m not sure).
In particular, any part of a day spent in California counts as a whole day, as I understand it. So if you fly in on Monday evening, spend Tuesday and Wednesday, then fly back Thursday morning, it’s 4 days.
California is pretty strict about taxing you if you spend too much time there.
In order for that to kick in, you need to be drawing salaried income, otherwise they have no means of tracking you. Salary is an insignificant component of most billionaires’ income.
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
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.
What happened in Florida related to Thiel?
thiel had a model boyfriend(sidepiece) in florida, whom he showered with gifts and what not, when the bf became concerned about thiels ANTI-LGBT agenda with conservatives, he mysteriously “fell” out of an apartment building after he voiced his concerned to thiel about it hurting the gay community. it barely made any news, but its not surprising since thiel love to suppress any bad news about him.
what was his name? I’m having a hard time finding any info about this
jeff thomas, type in google you see some reddit discussion about him, it was pretty messy. apparently it was also result of third wheel situation as well
I think Tennessee is the new hotness for tax free residency.
People of California: Don’t threaten us with a good time. (Also, not like their tax dollars will be missed)
