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Sergey Brin Confronted Gavin Newsom

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Re: Sergey Brin Confronted Gavin Newsom

#31

Post by bdangubic »

adjejmxbdjdn wrote: post #13
bdangubic wrote: post #11

Earlier quoted context omitted.

shows you also how “smart” they are to “live” in Cali in the first place. you got billions, park yourself wherever the F you don’t have to pay jacksh t for being a billionaire prick and get yourselves on of them houses in Cali to actually live instead of whatever sh thole houses billionaires for free

Except what’s stupid is thinking the marginal billions of dollars they may save by not paying CA taxes are worth anything. If you have $5Bn, other than power for power’s sake, it’s very hard to see how the next $100 or $500Bn can actually improve your life and happiness. OTOH, being able to watch a Broadway show that you may have missed because you didn’t live in the same city, or a drive along the ocean while there…

when you have this money you can “live” anywhere you want. he can have breakfast in Paris and still make the Broadway show and also get AirBnB for like a year in SF and then also like basically be wherever you want to be regardless of where your “mailing address” is. I have a friend who is 7-digit rich that lives in SF (for the past 8 years) but “lives” in Florida. sounds like our billionaires can’t figure this out so it makes the news (in the middle of about 857 other more important things going on)

Re: Sergey Brin Confronted Gavin Newsom

#32

Post by bdangubic »

VirusNewbie wrote: post #25
bdangubic wrote: post #11

Earlier quoted context omitted.

shows you also how “smart” they are to “live” in Cali in the first place. you got billions, park yourself wherever the F you don’t have to pay jacksh t for being a billionaire prick and get yourselves on of them houses in Cali to actually live instead of whatever sh thole houses billionaires for free

Wealthy people pay the vast majority of taxes in California. Meanwhile, at least 20% of the population are complete freeloaders.

billionaire adorers remind me of this…

“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires”

Re: Sergey Brin Confronted Gavin Newsom

#34

Post by ashwindharne »

wbronitsky wrote: post #29
VirusNewbie wrote: post #24

Earlier quoted context omitted.

[flagged]

Sergei Brin is worth around $230b. The tax seeks around 5% of that, which is $11.5b. I don’t see how, when most of his net worth is in Alphabet stock, he would have to sell anything but trivial amounts of his ownership of the company to fund this. The tax is also one time, so saying things like “the first year” is extremely misleading. It seems to me like the real propaganda is your post.

I believe it's calculated based on voting equity, of which Sergey owns significantly more than 230b.

Re: Sergey Brin Confronted Gavin Newsom

#35

Post by wbronitsky »

ashwindharne wrote: post #34
wbronitsky wrote: post #29

Earlier quoted context omitted.

Sergei Brin is worth around $230b. The tax seeks around 5% of that, which is $11.5b. I don’t see how, when most of his net worth is in Alphabet stock, he would have to sell anything but trivial amounts of his ownership of the company to fund this. The tax is also one time, so saying things like “the first year” is extremely misleading. It seems to me like the real propaganda is your post.

I believe it's calculated based on voting equity, of which Sergey owns significantly more than 230b.

From my reading it is only equity that has monetary value that they are taxing; this has nothing to do with disgorging voting stock, it is merely intended to raise revenue.

Re: Sergey Brin Confronted Gavin Newsom

#36

Post by bradfox2 »

waterTanuki wrote: post #27
TacticalCoder wrote: post #16

[flagged]

I find it funny how bad faith commenters immediately reach for the "COMMUNISM" bugle the microsecond any tax increase for the ultra-wealthy is proposed. Taxes on the highest income bracket during Dwight D. Eisenhower's presidency where 90%. 90%. Ya know, during the 1950s. The so called "Golden Years" of the USA. Fiercely anti-communist, Cold War going on. And here we were taxing the richest at 90%. That's how I know…

Income vs wealth tax. These aren't comparable.

Re: Sergey Brin Confronted Gavin Newsom

#37

Post by 1vuio0pswjnm7 »

Alternative to archive.ph

Text-only, no CAPTCHA, no Javascript, no DDoS on blog, no geo-blocking

     x="https://www.bloomberg.com/news/articles/2026-04-26/how-google-s-sergey-brin-helped-fuel-a-political-war-in-california"
     echo url="$x"|curl -K/dev/stdin \
     egrep -o "(type\":\"paragraph)|(type\":\"text\",\"value\":\"[^\"]+)" \
     |sed '/Read More:/{N;d;};s/type\":\"paragraph/
/;s/.\{22\}//' \
     |sed '1s/^//' > 1.htm

     firefox ./1.htm

Re: Sergey Brin Confronted Gavin Newsom

#38

Post by anamax »

VirusNewbie wrote: post #24
moneycantbuy wrote: post #6

endless greed is remarkable. guys with $200B can't afford to pay taxes to the state that allowed them to gain such excessive wealth in the first place, often via government subsidy. this cancerous version of capitalism can't end quickly enough.

[flagged]

Google is public, so the 5% of max(ownership, control) clause doesn't apply.

However, there are a bunch of private unicorns whose founders are subject to the tax even though their ownership is well under $1B.

See Section 50303(c)(3)(C) quoted above.

Re: Sergey Brin Confronted Gavin Newsom

#39

Post by anamax »

ashwindharne wrote: post #34
wbronitsky wrote: post #29

Earlier quoted context omitted.

Sergei Brin is worth around $230b. The tax seeks around 5% of that, which is $11.5b. I don’t see how, when most of his net worth is in Alphabet stock, he would have to sell anything but trivial amounts of his ownership of the company to fund this. The tax is also one time, so saying things like “the first year” is extremely misleading. It seems to me like the real propaganda is your post.

I believe it's calculated based on voting equity, of which Sergey owns significantly more than 230b.

The "tax based on control" clause (quoted below) doesn't apply to public companies.

Re: Sergey Brin Confronted Gavin Newsom

#40

Post by anamax »

wbronitsky wrote: post #35
ashwindharne wrote: post #34

Earlier quoted context omitted.

I believe it's calculated based on voting equity, of which Sergey owns significantly more than 230b.

From my reading it is only equity that has monetary value that they are taxing; this has nothing to do with disgorging voting stock, it is merely intended to raise revenue.

For private companies, valuation for the purposes of this tax is company-value * max(% owned, % controlled)

From https://oag.ca.gov/system/files/initiatives/pdfs/25-0024A1%2...

Section 50303(c)(3)(C) says "For any interests that confer voting or other direct control rights, the percentage of the business entity owned by the taxpayer shall be presumed to be not less than the taxpayer's percentage of the overall voting or other direct control rights."

Section (D) says that the tax applies to earnable profit-percentage even if the prerequisites for said earn haven't occurred.

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