Sergey Brin Confronted Gavin Newsom

mitchbob•about 4 hours ago

moneycantbuy•about 4 hours ago

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.

kelseyfrog•about 4 hours ago

If we don't allow them to hold us hostage they will all leave.

VirusNewbie•about 2 hours ago

I think your sentiment is a good example of massive propaganda people fall for. The wealth tax in question would tax Sergey roughly 50 billion the first year as it is written now.

HE would have to sell his ownership of Google almost immediately. This isn't about paying taxes this is about forcing owners of companies to liquidate almost entirely.

wbronitsky•about 1 hour ago

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.

ashwindharne•27 minutes ago

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

HaloZero•about 1 hour ago

How did you come up with 50 billion? It’s a 2% one time tax no?

bdangubic•about 1 hour ago

the math is not mathing today

jiveturkey•about 4 hours ago

so much at stake here, such an understated headline. i'm surprised this is bloomberg.

clutter55561•about 3 hours ago

That is pretty sad. People would rather spend money on political activism instead of supporting their home state.

Imagine if they said instead - no need for tax, here is 15 billion to fund the schools.

They could be heroes but choose to be assholes.

VirusNewbie•about 1 hour ago

California's budget is 350 billion a year. Why didn't THEY fund schools?

Why do you support politicians who fund the high speed rail? They could have funded the 15 billion for schools easily in that budget.

ece•about 4 hours ago

Thankfully CA has a form of direct democracy that billionaire assholes cannot stop.

polski-g•about 3 hours ago

They can leave. And they did.

csb6•about 3 hours ago

I am skeptical billionaires will actually leave their mansions in Malibu or Santa Barbara in any significant numbers just because of higher taxes they can easily afford to pay.

ece•about 3 hours ago

Apparently they didn't go very far.

cyanydeez•about 3 hours ago

most billionaires behave just like users on social media: they want to be on top, collect the most karma, etc. They arn't leaving a platform as large as California because that means diminishing their power and influence and attention.

bdangubic•about 3 hours ago

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 jacksht for being a billionaire prick and get yourselves on of them houses in Cali to actually live instead of whatever shthole houses billionaires for free

adjejmxbdjdn•about 3 hours ago

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 was a beautiful sunset, would have significantly greater value to the quality of your life.

VirusNewbie•about 1 hour ago

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

CrimsonRain•about 4 hours ago

https://archive.ph/2026.04.26-181100/https://www.bloomberg.c...

Sergey Brin Confronted Gavin Newsom

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