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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[–] 11 points 10 months ago

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

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