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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[–] RememberTheApollo_@lemmy.world 10 points 6 hours ago (1 children)

Because all they have left is hoarding wealth and the fear of losing some of it. They’ve become the movie or book trope of the withered miser who is completely consumed by greed and has nothing else. Unfortunately most of the real misers don’t get any comeuppance while the fictional ones do.

[–] TronBronson@lemmy.world 6 points 3 hours ago

I think we've allowed the rich people dick measuring contest to go on for too long. All these guys care about is the imaginary number next to their name is higher than the other guys. Greed yes, but competition, game, sport, between psychos....also yes.