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California Wealth Tax

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Thiel Donates $3 Million to Fight California Wealth Tax Proposal

Originally Published 15 hours ago — by The New York Times

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Source: The New York Times

Venture capitalist Peter Thiel donated $3 million to a California Business Roundtable political committee opposing a proposed wealth tax on billionaires, part of a broader push by Silicon Valley elites to defeat the measure ahead of the November ballot; the donation marks the first seven-figure contribution in the effort and more large gifts are expected.