Billionaire venture capitalist and co-founder of Palantir Technologies, Peter Thiel, has donated $3 million (£2.2 million) to the California Business Roundtable's political action committee, a lobbying organisation actively opposing a proposed ballot measure to tax billionaires in the state.
'The California Business Roundtable will continue to be actively engaged in ballot measures that affect the business community and the cost of living for all Californians,' said Rob Lapsley, president of the Roundtable. 'That includes opposing proposals like a dangerous wealth tax that would undermine our economy, decimate the state budget, drive investment out of the state, and ultimately make everyday life more expensive for working families.'
