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 194 points 1 month ago (3 children)

Ooo let's make it nationwide then

[–] LifeInMultipleChoice@lemmy.world 67 points 1 month 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 36 points 1 month 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

[–] verdi@feddit.org 19 points 1 month ago (1 children)
[–] melfie@lemy.lol 7 points 1 month ago (1 children)

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

[–] phutatorius@lemmy.zip 2 points 1 month ago

Hopefully their launch vehicles will be shot down, as an example to others.