Tech billionaires are making plans to bail on California ahead a possible ballot measure that would tax their assets to help pay for healthcare.

Sources told the New York Times that venture capitalist Peter Thiel has explored spending more time outside California and opening an office for his Los Angeles-based personal investment firm, Thiel Capital, in another state.

  • Shirasho@lemmings.world
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    18 hours ago

    Puerto Rico does it right. In order to claim primary residence there you have to physically be there for something like 180 days of the year without any travel. States need to do that too.

    • EldritchFemininity@lemmy.blahaj.zone
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      2 hours ago

      I know Massachusetts has a law similar to this as well, though I don’t remember the details. I think it’s even something like you have to claim money that you make outside the state and taxes that you pay in other states so that the state can adjust your taxes accordingly. But there’s definitely something about needing to live there for at least 6 months or something in order to claim primary residency.

    • IronBird@lemmy.world
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      3 hours ago

      there’s no method to track that for interstate travel…and we certainly don’t need to give more data to the police state.

      as with almost all the rest of the US’s problems, the root cause is a half-assed federal system