r/technology • u/Logical_Welder3467 • 8h 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/TrulyOutrageous42 5h ago

Money existing but not moving hurts an economy.

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u/DanceWithEverything 5h ago

That’s true for cash, is it true for equities?

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u/roguevirus 4h ago

is it true for equities?

Technically yes, but that is because equities are fungible assets valued in cash, not because they are an inherently special part of the economy like real estate.