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Larry Page has moved to Florida

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Re: Larry Page has moved to Florida

#51

Post by tkel »

jdlshore wrote: post #10

If you think wealth inequality is a societal problem, billionaires leaving to avoid taxes is a feature, not a bug.

This kinda misses the larger point. How are billionaires created? By the structure of the capitalist firm. The capitalist gets all of the wealth created by the organization and unilaterally can decide what to do with it, running the organization as a dictator. That is the bug. "Billionaire" is simply the most obvious and egregious form.

The class interest of the billionaire capitalist is the same as the class interest of the millionaire capitalist is the same as the class interest of the small business owner. Unless all of the capitalists leave, the capitalist class will still control the entire economy of California.

Re: Larry Page has moved to Florida

#52

Post by clipsy »

Bender wrote: post #50
maddmann wrote: post #24

Earlier quoted context omitted.

Something needs to be done about the historic inequality in this country. It will undue all the “innovation” (ie selling ads and addicting people to the internet) that these tech billionaires have contributed.

Inequality will always be a thing. I am not saying it should be, just that it will be. Different people have different skill-sets, are in the right or wrong places at the right or wrong time, have different connections with people and a million other factors. Some are born with good RNG, some with a bad roll. We as a society can barely get along with one another as this world gets more inter-connected and as more inc…

> Inequality will always be a thing.

If you want to engage honestly, you can start by acknowledging that there is an enormous gap between believing that "record breaking wealth inequality is bad and causing societal problems" vs "no inequality should exist in any capacity."

Re: Larry Page has moved to Florida

#54

Post by Bender »

clipsy wrote: post #52
Bender wrote: post #50

Earlier quoted context omitted.

Inequality will always be a thing. I am not saying it should be, just that it will be. Different people have different skill-sets, are in the right or wrong places at the right or wrong time, have different connections with people and a million other factors. Some are born with good RNG, some with a bad roll. We as a society can barely get along with one another as this world gets more inter-connected and as more inc…

> Inequality will always be a thing. If you want to engage honestly, you can start by acknowledging that there is an enormous gap between believing that "record breaking wealth inequality is bad and causing societal problems" vs "no inequality should exist in any capacity."

If I am being honest inequality will always vary wildly based on the monetary policies and all the things I mentioned. To me anything else is getting into vague unattainable unrealistic ideologies. No harm in dreaming, everyone should. No harm in envy either even if some think it is unhealthy. It's all human nature.

If someone has a gazillion gazillion gazillion mega-bucks that does not harm me in any way shape or form. More power to them. I would be fine with them also collecting medicare and social security especially if they, like me, had to pay into social security their entire working life and could not opt out.

If we can hold out for machines like a holodeck then we can truly live any fantasy and that may be a nice form of escapism. No idea how long it will be for such machines to exist.

Re: Larry Page has moved to Florida

#55

Post by rickydroll »

zeroonetwothree wrote: post #37
lapcat wrote: post #11

> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…

IMO capital gains taxes are bad as well, they discourage efficient investment allocation (you are stuck with what you have now). It would be better if we mainly taxed consumption directly. If you are a billionaire but spend $100k/yr I am fine with you paying the same taxes as anyone else spending $100k/yr.

Taxing consumption hurts people more at the lower end of the income scale than at the higher end. It all comes down to what reserves you have to accommodate different scales of financial events. For example, will not having enough money for a tank of gas break you, or just annoy you? Could you survive needing an ambulance ride? Do copays keep you from seeing the doctor, or are they just a rounding error on your income?

I believe that taxing people proportionally on income earned by labor is a unifying element of a social contract. i.e., we are all contributing to the common good. Income from capital is "free money." You didn't work for it; you took it from somebody else in the form of interest, dividends, or some other rent-seeking financial magic.

At some point, wealth becomes corrosive to society. People acquire it just for the sake of acquiring more and building their personal power. It seems that wealth is used to build more mechanisms of rent-seeking to further extract money from people who make their money through labor.

That kind of non-beneficial use of wealth, rent-seeking, and financial magic should be the target of any tax system before taxing money earned by labor.

Re: Larry Page has moved to Florida

#56

Post by disqard »

kgwxd wrote: post #19

Does anything this dope post automatically make it to the front page?

A worthwhile question.

Also, worth keeping in mind how posts that are "unrelated to technology itself" could arguably trigger the hard-core contingent here. So, just like how Trump's or Elon's bloviations get flagged here, PG's posts could, in theory, also evoke the purest hacker mentality -- at scale.

Interpret it as you wish :)

Re: Larry Page has moved to Florida

#57

Post by tim-tday »

lapcat wrote: post #11

> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…

He better watch out. Google instituted a strict return to office mandate. They also frown on people working apart from their teams. He might have to go back and badge in a couple times a week to make it look like he’s still working out of the Mountain View office.

Re: Larry Page has moved to Florida

#58

Post by _DeadFred_ »

Bender wrote: post #7

From elsewhere: Google co-founder Larry Page moved to Florida from California in early 2026, purchasing over $188 million in Miami property. He left California to avoid a proposed 5% state wealth tax targeting billionaires, shifting his primary residence and assets to Florida, which has no state income tax. Makes sense to me. Several businesses and individuals from NYC have also moved to Florida for similar reasons.…

So he spent as much on his new house as his lifetime charity giving? Classy guy.

https://www.forbes.com/sites/forbeswealthteam/2026/02/09/ame...

Re: Larry Page has moved to Florida

#59

Post by _DeadFred_ »

Bender wrote: post #54
clipsy wrote: post #52

Earlier quoted context omitted.

> Inequality will always be a thing. If you want to engage honestly, you can start by acknowledging that there is an enormous gap between believing that "record breaking wealth inequality is bad and causing societal problems" vs "no inequality should exist in any capacity."

If I am being honest inequality will always vary wildly based on the monetary policies and all the things I mentioned. To me anything else is getting into vague unattainable unrealistic ideologies. No harm in dreaming, everyone should. No harm in envy either even if some think it is unhealthy. It's all human nature. If someone has a gazillion gazillion gazillion mega-bucks that does not harm me in any way shape or fo…

Their 'paying in' is capped at a ridiculously low rate thanks to their continuous lobbying and equal to what doctors pay in.

Brin paid more for his new home that his lifetime charity giving according to Forbes. https://www.forbes.com/sites/forbeswealthteam/2026/02/09/ame...

looks like he paid more for his new house that what Forbes thinks he's given to charity.

Re: Larry Page has moved to Florida

#60

Post by _DeadFred_ »

zeroonetwothree wrote: post #37
lapcat wrote: post #11

> it has cost California both Larry's presence and all the tax revenue it made from him. 1. Google itself isn't moving. I don't think Larry is closely involved anymore, and a move out of state seems to prove that. 2. How much tax revenue did California even make from him? If he doesn't sell stock, then he has no capital gains to tax. That's the whole point of the wealth tax. The ultra-wealthy are infamous for tax avo…

IMO capital gains taxes are bad as well, they discourage efficient investment allocation (you are stuck with what you have now). It would be better if we mainly taxed consumption directly. If you are a billionaire but spend $100k/yr I am fine with you paying the same taxes as anyone else spending $100k/yr.

If you are able to leverage the current value of stocks to gain personal benefit, you should be taxed on them as if you recognized the value. If you just let them sit, don't use them as collateral, don't take out loans against them, then they shouldn't be taxed.

But if you recognize some benefit based on their value, you absolutely should pay taxes on that value.

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