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.

  • leadore@lemmy.world
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    7 months ago

    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!

      • melfie@lemy.loldeleted by creator
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        7 months ago

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

    • LifeInMultipleChoice@lemmy.world
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      7 months 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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        7 months 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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          7 months 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

  • Steve@communick.news
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    7 months 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.

  • ToiletFlushShowerScream@piefed.world
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    7 months ago

    Good, making California a more affordable place for California families. I hope one their platinum-plated private jets collides with the others gold-plated mega yacht on their way out and I never have to read this shit from their publicists again.

  • Phoenixz@lemmy.ca
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    7 months ago

    Then don’t allow them to leave the state

    Or just take their companies within the state.

    Fuck the rich

  • Sam_Bass@lemmy.world
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    7 months ago

    Greedy fucks should be totally stripped of their wealth wherever they go so as to (re)learn what its like down here with us

  • Fedizen@lemmy.world
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    7 months ago

    Lol they already have like 500 homes in like 50 countries. Its either this or a series of Luigi Mangioni-like shootings and imo, I’d rather have these billionaires just pay their fucking taxes.