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.
Yeah it’s one of the classics. In reality, the rich liquidate stocks all the time, particularly large amounts might not always be able to be dumped on the market immediately in one go but well, then it’s simply done over a certain timespan, but generally speaking it takes quite a lot before the market “cares”.