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Thiel Donates $3 Million to Fight California Wealth Tax Proposal

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Source: The New York Times
Thiel Donates $3 Million to Fight California Wealth Tax Proposal
Photo: The New York Times
TL;DR

Venture capitalist Peter Thiel donated $3 million to a California Business Roundtable political committee opposing a proposed wealth tax on billionaires, part of a broader push by Silicon Valley elites to defeat the measure ahead of the November ballot; the donation marks the first seven-figure contribution in the effort and more large gifts are expected.

Topics:businesspolitics#ballot-measure#billionaires-tax#california-business-roundtable#california-wealth-tax#peter-thiel#politics
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  1. Thiel Gives $3 Million to Group Seeking to Block California Wealth Tax  The New York Times
  2. Google Guys Say Bye to California  The New York Times
  3. California wealth tax proposal hemorrhages $1T as billionaires flee  Fox Business
  4. Tech titans divided over whether to pay billionaire tax or flee California  The Guardian
  5. Nvidia CEO Says He Doesn’t Care About California’s Proposed Billionaire Tax  The Wall Street Journal

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