Billionaire Peter Thiel Is Mad, Says He Won't Donate to GOP Candidates This Year
Apparently the idea to sit out the election entirely had been brewing for a while, according to Reuters:
Thiel came to this conclusion by late 2022, the sources said. He believes Republicans are making a mistake in focusing on cultural flashpoints and should be more concerned with spurring U.S. innovation - a major issue for him - and competing with China, the business associate said.Thiel’s speech at the 2016 Republican National Committee could have sent a signal to Republicans seeking his money; He called the spate of bills trying to govern trans children’s bathroom use a “distraction.
“I am proud to be gay. I am proud to be a Republican,” Thiel said on stage. “But most of all I am proud to be an American. I don’t pretend to agree with every plank in our party’s platform, but fake culture wars only distract us from our economic decline, and nobody in this race is being honest about it except Donald Trump.”“Four political sources” told Reuters that the megadonor is “taking a step back” from American politics, generally. However,found Thiel to be indecisive.
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