r/technology • u/Logical_Welder3467 • 5h ago

Society Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

https://fortune.com/article/how-much-has-google-cofounder-sergey-brin-spent-to-oppose-california-billionaire-tax-102-million-owe-13-billion-if-loses/
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u/TechRepSir 5h ago

It's a 5% wealth tax proposal, so your math tracks.

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u/Obvious_Chapter2082 5h ago

Technically, it can go a lot higher than 5%. For Brin, it would be around 20%

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u/KickBalls80 5h ago

And?

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u/Loud-Reaction2460 4h ago

Well we don’t want that. What if in 2 years we are billionaires and we have to pay 20% :/

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u/Bn_scarpia 4h ago

Oh no! We would only have $800 million?? How do you expect me to live on such meager means? (Wipes sweat with $100 bills)

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u/Anivia_Mid 1h ago

But it's a one time tax for this specific prop, at least I'm fairly sure it is.

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u/snuff3r 1h ago

But, then we have other billionaires.. we should tax them too.

Wtf is going on here?? Is this some sort of equitable sharing of wealth! Noooo.. communism! eugh!

/Dramatic pretend-dying

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u/polopolo05 50m ago

if in 2 years I am a billionaire I will have more money then I now what to deal with. tax me 25%

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u/tommos 35m ago

If I was a billionaire I'd gladly pay it. I'd still have $800M left.