This chapter explores the intricate relationship between California's economy, rising tax rates, and the paradox of increasing revenues amidst population exodus. It compares California's tech-driven stability to the oil wealth of Saudi Arabia while reflecting on the challenges of relocating to other states, particularly evaluating Miami and Nashville. The discussion also touches on real estate market fluctuations and the shifting dynamics within the tech industry, highlighting the migration patterns influenced by geography and corporate structure.
Peter Thiel is an entrepreneur and investor. He co-founded PayPal, made the first outside investment in Facebook, and co-founded Palantir Technologies, where he serves as chairman. Thiel is a partner at Founders Fund and leads the Thiel Foundation, which funds technological progress and long-term thinking. He is also the author of the #1 New York Times bestseller Zero to One.
https://foundersfund.com
https://palantir.com
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