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FBaggins

(28,706 posts)

12. That's over a billion dollars for him

Sat Dec 27, 2025, 11:47 AM

Dec 2025

Avoiding a billion dollar expense by simply picking a new place to live sounds like an easy decision.

And it’s likely much more than that since his net worth is tied up in assets that would draw large capital gains taxes federally and in California if he had to sell them to pay the tax.

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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 2025 OP

I wonder if he'd consider leaving EARTH entirely. johnnyfins Dec 2025 #1

Mars Needs Wealthies IbogaProject Dec 2025 #35

Greedy n greasy NAZI Kid Berwyn Dec 2025 #2

Thiel is worse than Musk ever THOUGHT of being. Miles Archer Dec 2025 #15

For starters, he OWNS J.D. Vance. valleyrogue Dec 2025 #49

Guy wants to eliminate the risk democracy presents to his money. Kid Berwyn Dec 2025 #66

This message was self-deleted by its author Kid Berwyn Dec 2025 #67

To be fair, the competition is pretty intense. thought crime Dec 2025 #81

Those poor Brits. The ultra right has done a great job of ginning raw hate up against immigrants, and PatrickforB Dec 2025 #71

And from another Tax Payer funded stadium, Traildogbob Dec 2025 #3

Good riddance. hunter Dec 2025 #4

Send him back to... MarcoZandrini Dec 2025 #82

Please don't come to my state you malfunctioning degenerate psycho. Maru Kitteh Dec 2025 #5

Hoity-toity, self-entitled little pricks. CousinIT Dec 2025 #6

Is the tax rate lower in Russia? surfered Dec 2025 #7

"Fuck these people." --Hunter S. Thompson Dulcinea Dec 2025 #8

Arrest his fascist ass 31st Street Bridge Dec 2025 #9

On what Greg_In_SF Dec 2025 #33

Make up one 31st Street Bridge Dec 2025 #90

That's not Greg_In_SF Dec 2025 #91

Always sad to see folks openly embrace authoritarianism and pine for their own dictator. tritsofme Dec 2025 #92

Yeah, let's all hold hands with the billionaires 31st Street Bridge Dec 2025 #93

G T F O ZDU Dec 2025 #10

Confiscate his passport so he can't return - TBF Dec 2025 #11

You need a passport to travel to California? MichMan Dec 2025 #65

That's over a billion dollars for him FBaggins Dec 2025 #12

The ultra-rich can easily borrow against their assets to avoid triggering capital gains unblock Dec 2025 #14

They'll borrow against assets to fund the purchase of other assets FBaggins Dec 2025 #20

I'm not disputing that he might leave California, on paper anyway, unblock Dec 2025 #42

Problem being that he can't take California with him... hunter Dec 2025 #23

Don't forget a snow shovel. BidenRocks Dec 2025 #38

Oh no!! MorbidButterflyTat Dec 2025 #57

A billion? I'm coming up with $50M. A one time 5% tax on one billion $$ Bengus81 Dec 2025 #83

His net worth drmeow Dec 2025 #87

Thanks,read it again...... Bengus81 Dec 2025 #88

Will California be having a new state holiday? Vinca Dec 2025 #13

Greedy fucking money hoarders UpInArms Dec 2025 #16

Ok, bye. LoisB Dec 2025 #17

Somalia. multigraincracker Dec 2025 #18

Bye bye Fuck face. You should move to Russia, Putin will help you save your pennies. Autumn Dec 2025 #19

Mars has no taxes. Pinback Dec 2025 #21

He's an advocate of Seasteading, VGNonly Dec 2025 #22

I wonder if a retroactive penalty tax would be legal should they leave for that reason. cstanleytech Dec 2025 #24

A lot of us here at DU popsdenver Dec 2025 #37

"And here we sit..." OldBaldy1701E Dec 2025 #62

YUP popsdenver Dec 2025 #86

Obviously his only principle in life is profit above all, no matter how small. What a small human being. Martin68 Dec 2025 #25

The billionaires won't leave. See Massachusetts Millionaires Tax Blaukraut Dec 2025 #26

He's the type who passes kacekwl Dec 2025 #27

If we go nationwide with a 1% tax will he leave for good? /nt bucolic_frolic Dec 2025 #28

That would require a constitutional amendment FBaggins Dec 2025 #70

Sixteenth amendment still-prayin4rain Dec 2025 #72

Doesn't help FBaggins Dec 2025 #74

In addition to 16th amendment arguments, there's also a good argument that the apportionment rule applies still-prayin4rain Dec 2025 #75

If it only applied to real estate and tangible personal property... FBaggins Dec 2025 #78

It was needed at the time because a later overturned SC case was the law of the land. still-prayin4rain Dec 2025 #79

It never rains in California Tetrachloride Dec 2025 #29

Well, bye. Wednesdays Dec 2025 #30

He's an attention whore JustAnotherGen Dec 2025 #31

I know this is a stupid question, but: AverageOldGuy Dec 2025 #32

A person who's empty inside Pinback Dec 2025 #36

Exactly. MorbidButterflyTat Dec 2025 #59

They are addicts. Just like any drug addict. travelingthrulife Dec 2025 #54

Good riddance karin_sj Dec 2025 #34

Make him stay until he pays. Initech Dec 2025 #39

Freedom to travel Greg_In_SF Dec 2025 #40

Oh, okay! MorbidButterflyTat Dec 2025 #60

So, are you saying Greg_In_SF Dec 2025 #64

No MorbidButterflyTat Dec 2025 #76

Okay Greg_In_SF Dec 2025 #77

An immigrant from Germany who doesn't want to chip in for the good of Americans Mblaze Dec 2025 #41

And it's not just "being charitable" - he has made his money on our backs TBF Dec 2025 #44

Thanks and well said. Mblaze Dec 2025 #55

Eat the rich lonely bird Dec 2025 #43

Entitled is an understatement. Dawson Leery Dec 2025 #45

He would say it is the principle because he and most of his other oligarch companions' only Bev54 Dec 2025 #46

Theil probably has most of his income sheltered anyway Bluetus Dec 2025 #47

Wish they would all move to their compounds in Honduras and Costa Rica to live out their little randian fantasies. pecosbob Dec 2025 #48

bye bye. AllaN01Bear Dec 2025 #50

Any chance of him leaving the country period??????? vapor2 Dec 2025 #51

Good! Now leave the country, traitor. travelingthrulife Dec 2025 #52

Billionaires are hoarders duckworth969 Dec 2025 #53

Lucky California! nt Cha Dec 2025 #56

It's not 1%, it's 5%. 1% a year for each of the next 5 years. n/t Ms. Toad Dec 2025 #58

I'm appalled that my state wants a 1% increase in taxes for those with wealth over 1 billion dollars. Buddyzbuddy Dec 2025 #61

Bye Felicia SirReal69 Dec 2025 #63

go ahead Peter, move to a maga state elduge Dec 2025 #68

Yes... MrsCheaplaugh Dec 2025 #89

K bye! Iggo Dec 2025 #69

If they leave, that would make California even cooler! BComplex Dec 2025 #73

They want their personal money in some place like Texas, but their investments still here. paulkienitz Dec 2025 #80

He should move to Moscow, where Putin will confiscate half of his wealth FakeNoose Dec 2025 #84

Profit over civic duty. Every time with these guys Torchlight Dec 2025 #85

Sounds like tax evasion Patton French Dec 2025 #94

Governor Newsom opposes this tax Jose Garcia Dec 2025 #95

Good for him, the wealth tax does not survive basic scrutiny. Abolishinist Dec 2025 #97

What a fucking piece of shit. Initech Dec 2025 #96