41–50 of 62 posts
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Do you know the history of why California became a tech mecca?
Because of the Federal government heavily investing in Computer research at the Universities there and propping up the semiconductor industry?
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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 s…
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They can leave. And they did.
"A number of my friends who belong in the very high upper brackets have suggested to me on several occasions of late, that if I am reelected president, they will have to move to some other nation because of high taxes here. Now, I will miss them very much..." (audience breaks into laughter)
It's a manipulative tactic by greedy assholes to cow foolish people into accepting their demands of tax evasion to burden ordinary people.
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They can leave. And they did.
One or two, nothing close to all. It's always an empty threat since time immemorial. Here's a 1936 FDR speech mocking it: "A number of my friends who belong in the very high upper brackets have suggested to me on several occasions of late, that if I am reelected president, they will have to move to some other nation because of high taxes here. Now, I will miss them very much..." (audience breaks into laughter) It's a…
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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.
And well they should.
Anyone who dislikes a progressive tax system apparently wants billionaires to pay less and the poor to pay more.
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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.
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One or two, nothing close to all. It's always an empty threat since time immemorial. Here's a 1936 FDR speech mocking it: "A number of my friends who belong in the very high upper brackets have suggested to me on several occasions of late, that if I am reelected president, they will have to move to some other nation because of high taxes here. Now, I will miss them very much..." (audience breaks into laughter) It's a…
An estimated $1.1t ($800b confirmed) in taxable assets have already left.
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.
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Brin is not a sympathetic marginal case. He is the standard: founder equity, $1 salary, unrealized appreciation, deferral, and access to liquidity without needing wage income.
It is a little strange to look at a very large tax bill landing at his feet and decide that is where the scandal starts. Is the number supposed to make the idea disqualifying because it is drastically more than most people make in many lifetimes?
Said another way, the revealing part is not that someone on the internet multiplied wrong. The revealing part is how quickly the error resolves into a fairness argument on behalf of Sergey Brin, a man whose fortune is almost a laboratory specimen of the thing the regular income tax keeps failing, decade after decade, to reach.