GET ME REWRITE: Billionaire and Exhibit A Peter Thiel provides all the evidence Californians need for enacting wealth tax

 

Photo credit:  Gage Skidmore vis Wikipedia

Headline:  New York Times, 1/11/2026

Theodore Schleifer and Ryan Mac report:

Some of Silicon Valley’s ultrawealthy have been in a financial frenzy in recent weeks over how to protect their assets from a proposed California ballot measure that would tax their billions. 

Now comes the next, more muscular ph ase: trying to beat the proposal, which supporters are trying to place on the ballot in November. 

The first seven-figure political donation that can be used to defeat the so-called billionaires tax became public on Friday: Peter Thiel, the venture capitalist and chairman of Palantir, donated $3 million to a committee opposing the proposed initiative, according to a new disclosure.

 

$3,000,000.  That's more than most people make in a lifetime! 

The Knowles Group