Conversation
California’s proposed “Billionaire Tax”, it’s a 2026 ballot measure.
If approved, it would add a one-time ~5% tax on billionaires’ wealth, net assets, to fund public services.
Some of the most famous ones:
Larry Page (Google co-founder) — ~$260B
Sergey Brin (Google co-founder) — ~$240B
Mark Zuckerberg (Meta) — ~$230B
Larry Ellison (Oracle) — ~$200B+
Jensen Huang (NVIDIA) — tens of billions
Eric Schmidt (former Google CEO)
Dustin Moskovitz (Facebook co-founder)
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Ha ha…., thinking about the next one?
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Caleb James DeLisle
cjd@pkteerium.xyz
I mean, what do you think they're going to do NEXT time they're up against a wall with budget crisis?
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Not to mention, billionaires have a virtually unlimited amount to spend on accountants and lawyers to get around most taxes. Also their lobbies would prevent anything like this from actually passing (making it more of a feel good, 'we tried' type story for the state senate). Any one of them could pull an Elon too and literally move all their personal assets out of the State if they had to.
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Sergey Brin left California. The rest will soon leave too if they haven't already.
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Haha…..
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It's not funny.
Running the best and brightest out of your community is civilizational suicide.
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Caleb James DeLisle
cjd@pkteerium.xyz
It's possible that the political class wins out and the billionaires are made to pay. It's happened in Norway - and the billionaires all left and then they were crying because their tax receipts went down.
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Taylan (GNU+Feminism Cat)
taylan@feministwiki.org
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