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California Billionaire Tax - November 2026 ballot. One off 5%. Sergey Brin leading the fight against it, donating millions to try to kill it.
California Billionaire Tax - November 2026 ballot. One off 5%. Sergey Brin leading the fight against it, donating millions to try to kill it.
So ridiculous that folks will spend millions personally to avoid paying their fair share in taxes. Is the alternative really that bad Sergey? You would be paying a similar amount, and the money would actually go to some use, as opposed to being blown on a political fight.
What? No. You're off by more than 3 magnitudes. He spent about 45 million, his potential tax liability under the new law is $60 billion.
Earlier quoted context omitted.
https://calmatters.org/health/2020/10/california-healthcare-... SEIU UHW has a history of bringing economically explosive populist slop to the ballot as a negotiating tactic. Usually it's in the form of something about dialysis clinics but this time they're trying a different angle. What about that were you specifically "interested" in?
> Dialysis companies say the costly requirement would force them to close some clinics, and have so far poured $105 million into fighting the measure, arguing it amounts to a hardball move by the union to drain industry finances until clinics agree to allow their workers to unionize. Seems like the $105 millions could have been used for something more useful, like a few doctors salaries or specialized PAs at the clin…
+ Proposition 8 (2018)
+ Proposition 23 (2020)
+ Proposition 29 (2022)
Probably their best example is "Healthcare Worker Minimum Wage Drive (SB 525)". They created a bunch of populist local initiatives about minimum that would have been a logistical nightmare for hospitals. In exchange for pulling their measures they got SB 525 passed as a truce.
I hate these tactics. California direct democracy is awful yes, but the way this group weaponizes it is downright disgusting.
> It sounds like you consider "economically explosive populist slop" is anything that helps poor people.
But honestly it sounds like you're just flat out not interested. You are the perfect target for their bullshit and I'm sure they couldn't be happier about whatever is in your head
Earlier quoted context omitted.
Whenever someone uses the word "fair" about taxes, I assume they mean we should reverse course on the decades-long pattern of reducing the tax burden on companies and the wealthiest individuals here in America. Fair taxation isn't a punishment. Paying taxes is what responsible citizens do. It's an act of patriotism and pride.
> patriotism and pride You realize nationalism is the source of all evil in the world, right? Is Brin even a citizen?
California Billionaire Tax - November 2026 ballot. One off 5%. Sergey Brin leading the fight against it, donating millions to try to kill it.
It's not just 5%. It's dependent on the controlling shares, so it's close to 25% of Sergey Brin's wealth, so almost 60 billion dollars.
And in addition there is a provision allowing people to appeal if they can show that a valuation is overstated.
Earlier quoted context omitted.
So ridiculous that folks will spend millions personally to avoid paying their fair share in taxes. Is the alternative really that bad Sergey? You would be paying a similar amount, and the money would actually go to some use, as opposed to being blown on a political fight.
> You would be paying a similar amount, and the money would actually go to some use, as opposed to being blown on a political fight. What? No. You're off by more than 3 magnitudes. He spent about 45 million, his potential tax liability under the new law is $60 billion.
Earlier quoted context omitted.
It's not just 5%. It's dependent on the controlling shares, so it's close to 25% of Sergey Brin's wealth, so almost 60 billion dollars.
Looked it up and says it applies to Private companies only, so not Google. i.e. to stop those deliberately undervaluing. And in addition there is a provision allowing people to appeal if they can show that a valuation is overstated.
That's not true. Private companies have a different valuation method, but public companies like Google are absolutely included.
Earlier quoted context omitted.
> You would be paying a similar amount, and the money would actually go to some use, as opposed to being blown on a political fight. What? No. You're off by more than 3 magnitudes. He spent about 45 million, his potential tax liability under the new law is $60 billion.
also replied below, but his would be 5% not $60bn
Earlier quoted context omitted.
So ridiculous that folks will spend millions personally to avoid paying their fair share in taxes. Is the alternative really that bad Sergey? You would be paying a similar amount, and the money would actually go to some use, as opposed to being blown on a political fight.
Whenever someone uses the word “fair” about taxes it always seems to mean that they shouldn’t pay more but others should. There also some good economic reasons that a “wealth tax” is a bad option compared to other types of taxes.
It is objectively true that rich people don’t pay their fair share. Seeing them fight tooth and nail to maintain the unfair status quo is a bad look.