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.
In order for that to kick in, you need to be drawing salaried income, otherwise they have no means of tracking you. Salary is an insignificant component of most billionaires’ income.