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Peter Thiel makes $3m donation to fight California’s proposed billionaire tax (www.theguardian.com)

submitted 1 day ago by BrikoX@lemmy.zip to c/usa@midwest.social

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Ballot proposes one-time, 5% tax on anyone in state worth more than $1bn and grant a five-year period for payment

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[–] Voroxpete@sh.itjust.works 14 points 16 hours ago

BTW, anyone who simply thinks that a wealth tax wouldn't work because the billionaires would all hide their money or whatever; Peter Thiel just bet $3 million that you're wrong.