General Discussion

Miles Archer

(21,783 posts) Sat Dec 27, 2025, 10:24 AM Dec 27

160

Snowflake Thiel plans to leave California over a fcking ONE PERCENT "billionaires tax." ONE FCKING PERCENT. [View all]

A proposed ballot measure in California that would increase taxes on its wealthiest residents has Pro-Trump billionaire Peter Thiel considering cutting ties with the Golden State, and Rep. Ro Khanna (D-CA) felt compelled to weigh in on the news with a sarcastic quip.

“Peter Thiel is leaving California if we pass a 1% tax on billionaires for 5 years to pay for healthcare for the working class facing steep Medicaid cuts,” Khanna said Friday night in a social media post on X. “I echo what [former President Franklin D. Roosevelt] said with sarcasm of economic royalists when they threatened to leave, ‘I will miss them very much.’”

The ballot measure is known as the California Billionaire Tax Act, and would impose a one-time 5% tax on the net worth of residents and part-time residents worth more than $1 billion. To appear on next year’s ballot, it must receive just over 870,000 signatures, and is currently in the signature-gathering phase.

And, while it’s unclear whether the measure will receive enough signatures, some of the state’s billionaires – including Thiel – are already considering leaving the state entirely, The New York Times reported Friday.

https://www.rawstory.com/peter-thiel-2674832059/

97 replies

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Highlight:

Snowflake Thiel plans to leave California over a f*cking ONE PERCENT "billionaires tax." ONE F*CKING PERCENT. [View all] Miles Archer Dec 27 OP

I wonder if he'd consider leaving EARTH entirely. johnnyfins Dec 27 #1

Mars Needs Wealthies IbogaProject Dec 27 #35

Greedy n greasy NAZI Kid Berwyn Dec 27 #2

Thiel is worse than Musk ever THOUGHT of being. Miles Archer Dec 27 #15

For starters, he OWNS J.D. Vance. valleyrogue Dec 27 #49

Guy wants to eliminate the risk democracy presents to his money. Kid Berwyn Dec 27 #66

This message was self-deleted by its author Kid Berwyn Dec 27 #67

To be fair, the competition is pretty intense. thought crime Dec 28 #81

Those poor Brits. The ultra right has done a great job of ginning raw hate up against immigrants, and PatrickforB Dec 27 #71

And from another Tax Payer funded stadium, Traildogbob Dec 27 #3

Good riddance. hunter Dec 27 #4

Send him back to... MarcoZandrini Dec 28 #82

Please don't come to my state you malfunctioning degenerate psycho. Maru Kitteh Dec 27 #5

Hoity-toity, self-entitled little pricks. CousinIT Dec 27 #6

Is the tax rate lower in Russia? surfered Dec 27 #7

"Fuck these people." --Hunter S. Thompson Dulcinea Dec 27 #8

Arrest his fascist ass 31st Street Bridge Dec 27 #9

On what Greg_In_SF Dec 27 #33

Make up one 31st Street Bridge Dec 28 #90

That's not Greg_In_SF Dec 28 #91

Always sad to see folks openly embrace authoritarianism and pine for their own dictator. tritsofme Dec 28 #92

Yeah, let's all hold hands with the billionaires 31st Street Bridge Dec 29 #93

G T F O ZDU Dec 27 #10

Confiscate his passport so he can't return - TBF Dec 27 #11

You need a passport to travel to California? MichMan Dec 27 #65

That's over a billion dollars for him FBaggins Dec 27 #12

The ultra-rich can easily borrow against their assets to avoid triggering capital gains unblock Dec 27 #14

They'll borrow against assets to fund the purchase of other assets FBaggins Dec 27 #20

I'm not disputing that he might leave California, on paper anyway, unblock Dec 27 #42

Problem being that he can't take California with him... hunter Dec 27 #23

Don't forget a snow shovel. BidenRocks Dec 27 #38

Oh no!! MorbidButterflyTat Dec 27 #57

A billion? I'm coming up with $50M. A one time 5% tax on one billion $$ Bengus81 Dec 28 #83

His net worth drmeow Dec 28 #87

Thanks,read it again...... Bengus81 Dec 28 #88

Will California be having a new state holiday? Vinca Dec 27 #13

Greedy fucking money hoarders UpInArms Dec 27 #16

Ok, bye. LoisB Dec 27 #17

Somalia. multigraincracker Dec 27 #18

Bye bye Fuck face. You should move to Russia, Putin will help you save your pennies. Autumn Dec 27 #19

Mars has no taxes. Pinback Dec 27 #21

He's an advocate of Seasteading, VGNonly Dec 27 #22

I wonder if a retroactive penalty tax would be legal should they leave for that reason. cstanleytech Dec 27 #24

A lot of us here at DU popsdenver Dec 27 #37

"And here we sit..." OldBaldy1701E Dec 27 #62

YUP popsdenver Dec 28 #86

Obviously his only principle in life is profit above all, no matter how small. What a small human being. Martin68 Dec 27 #25

The billionaires won't leave. See Massachusetts Millionaires Tax Blaukraut Dec 27 #26

He's the type who passes kacekwl Dec 27 #27

If we go nationwide with a 1% tax will he leave for good? /nt bucolic_frolic Dec 27 #28

That would require a constitutional amendment FBaggins Dec 27 #70

Sixteenth amendment still-prayin4rain Dec 27 #72

Doesn't help FBaggins Dec 27 #74

In addition to 16th amendment arguments, there's also a good argument that the apportionment rule applies still-prayin4rain Dec 27 #75

If it only applied to real estate and tangible personal property... FBaggins Dec 27 #78

It was needed at the time because a later overturned SC case was the law of the land. still-prayin4rain Dec 27 #79

It never rains in California Tetrachloride Dec 27 #29

Well, bye. Wednesdays Dec 27 #30

He's an attention whore JustAnotherGen Dec 27 #31

I know this is a stupid question, but: AverageOldGuy Dec 27 #32

A person who's empty inside Pinback Dec 27 #36

Exactly. MorbidButterflyTat Dec 27 #59

They are addicts. Just like any drug addict. travelingthrulife Dec 27 #54

Good riddance karin_sj Dec 27 #34

Make him stay until he pays. Initech Dec 27 #39

Freedom to travel Greg_In_SF Dec 27 #40

Oh, okay! MorbidButterflyTat Dec 27 #60

So, are you saying Greg_In_SF Dec 27 #64

No MorbidButterflyTat Dec 27 #76

Okay Greg_In_SF Dec 27 #77

An immigrant from Germany who doesn't want to chip in for the good of Americans Mblaze Dec 27 #41

And it's not just "being charitable" - he has made his money on our backs TBF Dec 27 #44

Thanks and well said. Mblaze Dec 27 #55

Eat the rich lonely bird Dec 27 #43

Entitled is an understatement. Dawson Leery Dec 27 #45

He would say it is the principle because he and most of his other oligarch companions' only Bev54 Dec 27 #46

Theil probably has most of his income sheltered anyway Bluetus Dec 27 #47

Wish they would all move to their compounds in Honduras and Costa Rica to live out their little randian fantasies. pecosbob Dec 27 #48

bye bye. AllaN01Bear Dec 27 #50

Any chance of him leaving the country period??????? vapor2 Dec 27 #51

Good! Now leave the country, traitor. travelingthrulife Dec 27 #52

Billionaires are hoarders duckworth969 Dec 27 #53

Lucky California! nt Cha Dec 27 #56

It's not 1%, it's 5%. 1% a year for each of the next 5 years. n/t Ms. Toad Dec 27 #58

I'm appalled that my state wants a 1% increase in taxes for those with wealth over 1 billion dollars. Buddyzbuddy Dec 27 #61

Bye Felicia SirReal69 Dec 27 #63

go ahead Peter, move to a maga state elduge Dec 27 #68

Yes... MrsCheaplaugh Dec 28 #89

K bye! Iggo Dec 27 #69

If they leave, that would make California even cooler! BComplex Dec 27 #73

They want their personal money in some place like Texas, but their investments still here. paulkienitz Dec 27 #80

He should move to Moscow, where Putin will confiscate half of his wealth FakeNoose Dec 28 #84

Profit over civic duty. Every time with these guys Torchlight Dec 28 #85

Sounds like tax evasion Patton French Dec 29 #94

Governor Newsom opposes this tax Jose Garcia Dec 29 #95

Good for him, the wealth tax does not survive basic scrutiny. Abolishinist Dec 29 #97

What a fucking piece of shit. Initech Dec 29 #96