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.
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?
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.
No I don’t and that’s why I hate it.
Please elaborate
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
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…]
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.
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.
These tax scofflaws are Giga-Karens.
Ooo let’s make it nationwide then
% 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.
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
Earthwide 😏
Ah, so that’s why billionaires are all investing in space travel. Fuck you Earthlings, my primary residence is my space yacht.
Hopefully their launch vehicles will be shot down, as an example to others.
As long as we’re wishing for shit that will never happen, I have some ideas on how to use a time machine
“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.
180 uninterrupted days or 180 total? I think my state does 181 total
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
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.
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
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 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.
I’m threatening to move if my landlord persists on collecting rent, that should get him to back off
Let them flee all the way to Russia. Billionaires shouldn’t exist in the first place.
Greedy fucks should be totally stripped of their wealth wherever they go so as to (re)learn what its like down here with us
Bye bitch
They won’t leave. They’re just trying to scare idiots into voting for policies that only benefit the rich and their ilk.
they tried this with zohran in nyc, none left. RICH people wont live in red hellholes like kentucy, nebraska or alabama.
kentucky and nebraska and alabama are incredibly different from each other, if you’ve ever been to those places as a lefty
in fact, red ky and blue maine are more similar than ky and nebraska
From Maine and Nebraska and agree mostly. but you could certainly put the 3 in a venn diagram and come up with some interesting overlaps and contrasts. I find that Nebraska was dishing out way better educational outcomes than the other two, just anecdotally ;)
And yet, they all share the quality of “red hellhole”.
Blue maine is doing just about as good as red kentucky, no? A bunch of poor, drug-addled white people barely scraping by. A good economy lifts up the poor, and the poor in both of those states, despite glaringly different politics, have a lot of the same outcomes. Honestly, the people of Kentucky are way more diverse and I’m happy for that. So many white people in Maine it isn’t even funny as a non white person. Every person I know up in Maine has some family member that was in the Free Mason cult, which is like the cult for rural religious and affluent white people
I know a guy who’s a Mason. I got him to talk when he was drunk. Sounds to me like it’s a way for rich white people to make business connections and enrich themselves further, with a dose of silly mysticism on top. They’re all Christians.
Christians
Yeah that cult :p I’m being a snarky ex-christian though. I still pray to… something, but it ain’t white jesus that’s for sure
Yeah I get it. I’m atheist, formerly militant atheist.
Blue maine is doing just about as good as red kentucky, no?
Median income in Maine is 14% higher than in Kentucky. Maine’s the poorest state in New England, but that would land it somewhere in the middle of southern states.
Median income may be higher but cost of living is too, probably making that increase negligible.
Yeah, kentucky is a very poor state, its pretty sad but at least its just easy to blame on mitch, which isnt wrong. No idea whats going on up in Maine though. Someone should look into that. Im only getting familiar with the place because I got people up there and I love it, but man the parallels to kentucky are incredible despite me hoping it would be a lot… better since its consistently bluer than KY.
Yes typical poors like Warren Buffet would never live in Nebraska! Omaha is not the headquarters to many major businesses in the country. Red hellhole that split its vote for Obama, and has a fairly high ranked education system… Nailed it dude.
https://wallethub.com/edu/e/states-with-the-best-schools/5335
It’s also flat, the winters are brutal, there are way too many fundamentalists, and it cannot by any stretch be described as a sophisticated, cosmopolitan place. That said, it still beats the hell out of Peoria, Topeka, Wichita or a number of other Midwestern cities. None of which means I’d ever want to live there (and I’ve been there many times).
Yea im not in love with the place, but its a functioning city, it has good institutions and services, and its just really not fair to paint Nebraska like some bumblefuck when 90% of the state lives in a nice urban/suburban American city.
Exactly they won’t move, this is like when people threaten to move if something happens, and when it does happens, nothing.
No, didn’t you hear, everyone with more than $100 in savings fled New York now that Mamdani is the Supreme Leader there
