Well, really. Why else would the man bother?A wealthy US investor got the go-ahead for his campaign to carve up California into six separate states, according to the Secretary of State's Office. Critics call the plan just another scheme for the wealthy to hoard tax dollars.
RT
And he’s no doubt right. Six may be overkill. Six states seems like it would indeed cut off a good portion of the state’s citizens from the wealthy tax bases of a only a few areas. On the other hand, there’s probably not a state in the union that couldn’t be divided into at least two, considering demands of its residents.[Tim] Draper, who has made a fortune investing in internet startups, like Skype and Hotmail, believes that California is simply too populated and diverse to adequately address the demands of its residents.
He doesn’t believe either of those things. But if he can convince them of it, he can keep all Silicon Valley money in Silicon Valley. If he can get its companies to stop hiding their money overseas.In a recent interview, the managing partner for Draper Fisher Jurvetson said California’s poorest regions “are not happy” because the system is “not working for them.”
“So if they had their own state, I believe all of those states would become wealthier. And I believe by managing their own state, they will become much more successful,” Draper told Time.
...but hey, do what you want...you will anyway.The top 10 corporate tax avoiders happen to be tech companies:
1. Microsoft, $76.4 billion
2. IBM, $44.4 billion
3. Cisco Systems, $41.3 billion
4. Apple, $40.4 billion
5. Hewlett-Packard, $33.4 billion
6. Google, $33.3 billion
7. Oracle, $26.2 billion
8. Dell, $19.0 billion
9. Intel, $17.5 billion
10. Qualcomm, $16.4 billion
Source: Bloomberg, August 2013
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