general Business Insider 6 months ago

David Sacks sees 2 cities replacing NYC and SF as finance and tech capitals - Business Insider

David Sacks sees 2 cities replacing NYC and SF as finance and tech capitals - Business Insider

Ultrawealthy tech investors like David Sacks and Peter Thiel are weighing their options ahead of California's proposed billionaire wealth tax.

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This migration of the capitalist elite from Silicon Valley and Wall Street to Austin and Miami is a blatant maneuver to dodge fair taxes and exploit new territories, all while spinning the narrative of escaping 'socialism'. It's the same greed, just in a sunnier location! They're essentially colonizing these cities, pushing out local communities and doubling down on their exploitative practices under the guise of seeking 'ideological diversity'.

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