California Might Tax Billionaires. Cue the Inevitable Tech Billionaire Tantrum

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Taking money away from billionaires is funny, and threatening to do it can be a nice political sugar rush for anyone with even a tiny amount of class consciousness (even though it would not get close to creating “socialism” in America according to socialists like Doug Henwood). The state of California is now very much threatening to do it, and the predictable result is happening according to the New York Times: tech billionaires like Peter Thiel and ex-Google CEO and co-founder…



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California Might Tax Billionaires. Cue the Inevitable Tech Billionaire Tantrum



Taking money away from billionaires is funny, and threatening to do it can be a nice political sugar rush for anyone with even a tiny amount of class consciousness (even though it would not get close to creating “socialism” in America according to socialists like Doug Henwood). The state of California is now very much threatening to do it, and the predictable result is happening according to the New York Times: tech billionaires like Peter Thiel and ex-Google CEO and co-founder…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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