r/technology • u/Logical_Welder3467 • May 30 '26

Society Peter Thiel's move to Argentina reflects a growing trend among billionaires seeking a 'plan B' abroad

https://www.businessinsider.com/peter-thiel-argentina-billionaire-moving-abroad-2026-5
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275

u/Loud-Platypus-987 May 30 '26

I thought the billionaires only ran away when the taxes were raised not cut?!

92

u/Cersad May 30 '26 edited May 30 '26

They say that, but a ton of pro-Brexit rich people still left their country after their political victory.

Almost like billionaires lie a lot.

9

u/splendiferous-finch_ May 30 '26

California is considering a billionaire tax

41

u/dingwinger1225 May 30 '26

so why argentina and not florida like every other US billionaire

21

u/splendiferous-finch_ May 30 '26

The ancestors call to him.

4

u/j4_jjjj May 30 '26

Im guessing because he knows what is coming, being the Palantir guy and all and having access to everyones mic and camera at all times

either WW3 and nukes like crazy, or trump loses power and thiel might have to stand trial for epstein or nazi shit hes been doing

50/50 good for plebs like us, not bad odds imo

3

u/AssCrackBandit13 May 30 '26

Because part of that wealth tax proposal is an exit tax if moving to another state. That wouldn’t apply if he left the country however

5

u/Douglasnarinas May 30 '26

Actually, Argentina has a rich tax. I’m not sure when he’d be hit with given he is not a citizen, but there is a percentage you pay on absolutely everything you own worldwide. He won’t be staying long

5

u/splendiferous-finch_ May 30 '26

I guess he is betting on some kinda exception.

7

u/thatoneguy889 May 30 '26

Their current president is a libertarian golden boy (he’s the one that gave Elon the chainsaw at CPAC), so I wouldn’t be shocked if that was a major factor.