This Week In Oligarchs: Zuck Rubs Giant Yacht In Faces Of Fired Employees, And Other Adventures Venture capitalist Peter Thiel is reportedly moving to Argentina, partly due to concerns over a potential wealth tax in California. Meanwhile, Mark Zuckerberg drew criticism for bringing his large superyacht to Seattle shortly after Meta laid off thousands of employees there. Additionally, Jeff Bezos’s company Blue Origin experienced a test fire failure with its New Glenn rocket.

• Peter Thiel is reportedly moving to Argentina, citing concerns about the direction of the United States, particularly a potential wealth tax in California.
• Thiel had previously backed the Enhanced Games, an athletic competition allowing performance-enhancing drugs, which ultimately saw no new world records set by doped athletes.
• Mark Zuckerberg brought his $300 million superyacht, ‘Launchpad,’ to Seattle, a city where Meta recently conducted significant layoffs.
• Jeff Bezos’s Blue Origin experienced a failure during a test fire of its New Glenn rocket at Cape Canaveral.
• The article expresses a critical view of the wealth and actions of American billionaires during this period, referred to as a ‘second Gilded Age’.