Billionaire investor and CEO of venture capital firm Social Capital Chamath Palihapitiya is gunning to become California’s next governor.
In a new tweet, the Bitcoin bull reveals to his 848,000 followers his intention to run for office and oust California Governor Newsom.
It’s on. #RecallGavinNewsom https://t.co/r8Cwd4szrn
— Chamath Palihapitiya (@chamath) January 26, 2021
California will hold a special election later this year if the petition to recall Newsom succeeds amid frustrations over the Governor’s response to the pandemic. The movement needs 1.5 million signatures by March 17th to force a recall. To date, proponents claim to have gathered 1.2 million signatures, according to the Wall Street Journal.
Palihapitiya could also potentially run for the gubernatorial election in November 2022 if the special election does not push through.
On his website, the Sri Lanka-born Canadian-American calls California a mess as he introduces his platform to address the state’s problems.
“It’s too expensive, our teachers are underpaid, and our schools aren’t good enough.”
Palihapitiya proposes to reduce state tax from 16% to 0%, set a $70,000 minimum teacher salary, and make California a global center for tech and climate jobs.
Palihapitiya also wants to give out free school vouchers to help students choose which school to attend, abolish student loans, and provide a $2,000 incentive for each child born in California.
The venture capitalist is a Bitcoin supporter who purchased 1 million BTC when the largest crypto asset was trading around $80.
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inboxFollow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Peshkova
