Google cofounders Sergey Brin and Larry Page moved an LLC out of California ahead of proposed billionaire’s tax
https://www.businessinsider.com/sergey-brin-larry-page-moved-llc-california-wealth-tax-2026-1?utm_source=reddit&utm_medium=social&utm_campaign=BusinessInsider-post-economy
Posted by businessinsider
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**TLDR:**
* **T-Rex LLC, linked to Google founders Sergey Brin and Larry Page, moved from California to Delaware in late December.**
* **The move preceded a proposed California wealth tax targeting residents with assets over $1 billion.**
* **Page converted his family office from California to Delaware in late December amid tax concerns.**
How is this a smart tax in any way? A one time tax solves nothing. Wealth taxes alone are pretty dumb as much wealth is illiquid and nonfungible.
Tax capital gains, inheritance taxes, and, most significantly, count loans against assets as a liquidation event.
One time bandaids are stupid and risk building terrible systems around these systems.
They only further prove they are entitlement mentality assholes.