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Thiel Gives $3 Million to Block California Wealth Tax

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“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,” the New York Times reports.

“Now comes the next, more muscular phase: 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.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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