The Nerd Reich | Tech Billionaires Threaten to Flee California—Again by Gil Duran
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Tech billionaires in California—most notably Peter Thiel and Google co‑founder Larry Page—are rattled by a proposed ballot measure that would levy a one‑time 5 % wealth tax on the state’s richest residents, a levy that could cost them billions and would apply retroactively to anyone living in California on Jan 1 2026. Backed by the Service Employees International Union‑United Health Workers, the measure isn’t yet on the ballot but has already spurred the billionaires to contemplate exiting the Golden State, with Governor Gavin Newsom even raising money to fight the proposal. Public opinion appears strongly in favor of taxing the ultra‑wealthy—polls show a majority of Americans, and likely an even higher share in California, think billionaires pay too little and wield too much power—fueling a broader backlash against Silicon Valley’s outsized influence, its ties to authoritarian politics, and calls for greater accountability. The article also notes a parallel trend of tech elites, including Curtis Yarvin and former UK Prime Minister Liz Truss, turning their attention to British politics.
Read more: https://www.thenerdreich.com/tech-billionaires-threaten-to-flee-california-again/
#PeterThiel #LarryPage #GavinNewsom #ServiceEmployees #SiliconValley #CurtisYarvin #LizTruss #Google #darkenlightenment #networkstate
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