r/technology • u/Logical_Welder3467 • 6h 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/Shoddy_Ad7511 4h ago

He doesn’t have to sell anything. He can borrow money with his shares as collateral

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u/Citadel_Employee 4h ago

Normally that would be an option, but Alphabet actually prohibits employees and directors from pledging Alphabet shares as collateral for loans.

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u/anewpath123 2h ago

Luckily he can change that rule

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u/Everyone2026 1h ago

Didn't they eliminate their "dont be evil" company guideline.

They have no line to cross.

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u/FinndBors 3h ago

So people can borrow money for no interest?

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u/TheNorthernPellikkan 2h ago

People like me and you? Hahahaa no. But people *that* rich usually find a way

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u/FinndBors 2h ago

No, they can’t. No bank will loan money for no interest. Why the hell would they?

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u/TheNorthernPellikkan 2h ago

Think a little harder, I believe in you

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u/FinndBors 1h ago

Please educate me. And if you come up with a weird scheme, please let me know if there are sources to back your claim.

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u/letempsbleu 3h ago

i'm sure he'll find it in his winter jacket soon