Larry Page, Sergey Brin, and Peter Thiel All Fled California’s Billionaire Tax. Nvidia’s CEO Isn’t Going Anywhere. Even With an $8 Billion Bill Coming His Way
https://finance.yahoo.com/economy/policy/articles/larry-page-sergey-brin-peter-182255068.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHx6dPfBRIuZlh05I44ac7MoCt2V79RpqW0ljwiUyGEvuWLDImtMnZ8nTaoQmpcTmk7LTMcRJ0fmTvi-q1maI-a-DB37BgOjMCgdNJddzCA7kvQ0Ul7gNvWNCNhubYXS1klmEGlbyA5vPH05Zer8-3BnnTrQRt9YXi4NwKnkEwhS
25 Comments
Assuming the bill passes.
So nice to see one of these men doing what appears to be the Just thing
I mean props to him for showing more spine and integrity than any of those pathetic assholes combined.
Peter Thiel basically fled the whole country
He will probably have a bunch of money leftover after taxes plus he’ll make money back anyways…
Larry, Sergey and Peter are all total pieces of shit, they will always act in a self-serving manner.
I mean… He knows none of us are going to have jobs in 5 years. So he’s not running.
These greedy, selfish motherfuckers can stay out of my state of California. They don’t give a shit about this country. They only care about what they can take.
It’s because Jensen Huang doesn’t own supervoting shares like Sergey and Brin. The Google Bros will pay 50 billion each and lose control of Google. Jensen also has time to leave if they prop pass.
Huang also doesn’t have preferential voting shares, which are taxed heavier than regular shares under the ballot prop. vs companies with multiple classes of shares, where founders are taxed based on much more than fair market value
Doesn’t matter if they left. They still would have to pay if they lived in CA January 1st 2026. 1% of the their wealth a year for 5 Years. They can hide in Florida if they want , they still gotta pay if it passes.
Opponents of the bill going “see, told you this would happen!” while the rest of us are glad they’re gone knowing they wouldn’t have spent the money in this state if they stayed and it doesn’t pass. They’re just being the greedy little bitches they are. They’re so no California tech.
And before anyone asks, “California tech” is Mr. House’s microchip, not Mr. House.
I think I remember being taught in school that ancient Greek or Roman politicians would *brag* about how much they were taxed. Man, wouldn’t that be nice.
To build these businesses they need talent. Some are well aware that you can leave, the talent won’t.
In any case, the argument is moot. Anyone who was living in CA in 2026 would be subject to the tax. Doesn’t matter if they leave.
Probably will be down voted because Reddit. Billionaire bad. The problem is preferential voting shares
The current law proposed is on voting shares however companies like Google have multiple
Different types of shares with some having 10x voting and some having 50x voting
Larry Page and Sergei have majority of those shares so their tax burden becomes ~15-20% of their net worth. They would have to liquidate shares to pay this tax and they don’t want to because they don’t want to lose ownership of Google as board members and chairman’s if they decide to return full time. If it was straight up pay 3B in so and so years they would’ve not made it such a big deal. However this punishes owners and founders significantly more than random rich guys
> The tax has not passed. It is a ballot measure, formally Initiative Number 25-0024, that California voters decide on November 3, 2026. All potential liability figures are conditional on that vote.
> The initiative is a one-time 5% excise on accumulated wealth above a one billion dollar threshold.
It’s extremely unlikely to pass. As much desire as there is to tax the ultra wealthy, most reasonable people recognize that a one-time tax is not a good idea.
JFC. How much money do you fuckers need?
You know you’re all going to be gone soon … right?
don’t be evil. a long forgotten phrase…
Billionaires should not be allowed to flee with their gains, they used the country to gain their riches, they rely on the police, the government, the services they should also be required to pay back,
Gotta give the guy credit for not being a coward/cheat about paying his taxes.
These corporations should get zero and I mean zero tax breaks.
I like this quote from the article:
>”The fact that I can afford to pay $8 billion in taxes over five years is a privilege. I feel it’s a privilege. It’s a responsibility.” He added, “I’m not afraid of paying taxes. I’m just afraid of being poor.”
I find their so called exodus hilarious because going to another state will just cause locals to get pissed and ask for them to be taxed … it’s only a matter of time . And on top of that the talent they need are not in whatever states they expect to allow them to reign free tax free . These people are ignorant in their own rite and seem to think the world revolved around them and their poss poor money habits . If your a multimillionaire afraid of taxes then that means you’re not making your money correctly because how in gods name are you afraid of a tax as a freaking billionaire ? One billion is enough for ONE person and their subsequent 3 generations to live comfortably if not happily ! So you’re afraid of your multibillions getting more tax ? Huuhhhhh ? As someone privy to accounting I smell piss poor spending and living off investments and cash poor
Once one reaches a certain level of insane wealth where your great grand kids and beyond are set for life, what is the point of hoarding more, for selfish reasons? Can’t take it with you to the grave anyway…
cause he is currently holding the entire worlds supply of chips hostage for the next 3-5 years as he tries to destroy the personal computer market & replace it with his own rent a pc in the cloud vision bs.
fuck this guy!