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FBaggins

(28,619 posts)

12. That's over a billion dollars for him

Sat Dec 27, 2025, 10:47 AM

Saturday

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

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

Mars Needs Wealthies IbogaProject Saturday #35

Greedy n greasy NAZI Kid Berwyn Saturday #2

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

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

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

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

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

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

And from another Tax Payer funded stadium, Traildogbob Saturday #3

Good riddance. hunter Saturday #4

Send him back to... MarcoZandrini 21 hrs ago #82

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

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

Is the tax rate lower in Russia? surfered Saturday #7

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

Arrest his fascist ass 31st Street Bridge Saturday #9

On what Greg_In_SF Saturday #33

Make up one 31st Street Bridge 18 hrs ago #90

That's not Greg_In_SF 17 hrs ago #91

Always sad to see folks openly embrace authoritarianism and pine for their own dictator. tritsofme 17 hrs ago #92

G T F O ZDU Saturday #10

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

You need a passport to travel to California? MichMan Saturday #65

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

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

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

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

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

Don't forget a snow shovel. BidenRocks Saturday #38

Oh no!! MorbidButterflyTat Saturday #57

A billion? I'm coming up with $50M. A one time 5% tax on one billion $$ Bengus81 20 hrs ago #83

His net worth drmeow 19 hrs ago #87

Thanks,read it again...... Bengus81 19 hrs ago #88

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

Greedy fucking money hoarders UpInArms Saturday #16

Ok, bye. LoisB Saturday #17

Somalia. multigraincracker Saturday #18

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

Mars has no taxes. Pinback Saturday #21

He's an advocate of Seasteading, VGNonly Saturday #22

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

A lot of us here at DU popsdenver Saturday #37

"And here we sit..." OldBaldy1701E Saturday #62

YUP popsdenver 19 hrs ago #86

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

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

He's the type who passes kacekwl Saturday #27

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

That would require a constitutional amendment FBaggins Saturday #70

Sixteenth amendment still-prayin4rain Saturday #72

Doesn't help FBaggins Saturday #74

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

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

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

It never rains in California Tetrachloride Saturday #29

Well, bye. Wednesdays Saturday #30

He's an attention whore JustAnotherGen Saturday #31

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

A person who's empty inside Pinback Saturday #36

Exactly. MorbidButterflyTat Saturday #59

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

Good riddance karin_sj Saturday #34

Make him stay until he pays. Initech Saturday #39

Freedom to travel Greg_In_SF Saturday #40

Oh, okay! MorbidButterflyTat Saturday #60

So, are you saying Greg_In_SF Saturday #64

No MorbidButterflyTat Saturday #76

Okay Greg_In_SF Saturday #77

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

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

Thanks and well said. Mblaze Saturday #55

Eat the rich lonely bird Saturday #43

Entitled is an understatement. Dawson Leery Saturday #45

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

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

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

bye bye. AllaN01Bear Saturday #50

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

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

Billionaires are hoarders duckworth969 Saturday #53

Lucky California! nt Cha Saturday #56

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

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

Bye Felicia SirReal69 Saturday #63

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

Yes... MrsCheaplaugh 18 hrs ago #89

K bye! Iggo Saturday #69

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

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

He should move to Moscow, where Putin will confiscate half of his wealth FakeNoose 19 hrs ago #84

Profit over civic duty. Every time with these guys Torchlight 19 hrs ago #85