Brin is among billionaires who relocated out of the Golden State to avoid the propose.
Google co-founder Sergey Brin slammed the proposed billionaire tax in California, likening it to the socialism that he fled with his family from the former Soviet Union.
Brin is one of the billionaires who relocated out of the Golden State to avoid the potential wealth tax that's expected to appear on California voters' ballots this fall. The proposal would impose a one-time 5% tax on residents whose net worth exceeds $1 billion.
Assets covered by the tax may include businesses, securities, art, collectibles, and intellectual property – though real property, pensions and certain retirement accounts would be exempt.
"I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union. I don't want California to end up in the same place," Brin said in a statement to The New York Times regarding a story by the outlet that discussed his move.
https://www.foxbusiness.com/politics/google-co-founder-rips-california-billionaire-tax-i-fled-socialism
Posted by coinfanking
24 Comments
If he is not a resident, how can he appear on a ballot?
I’ll make this short;
Google benefited from California primarily through Stanford University’s research environment, Silicon Valley’s investor ecosystem, and access to engineering talent and infrastructure, all of which accelerated its early growth.
Now those who got minted like Brin don’t want to pay it forward.
I mean did he free social socialism really? He was 6 years old. Maybe he was afraid he was going to have to share his toys.
Boo-freaking-hoo
Might as well flee the US if you’re goal is to flee “socialism” as Intel, Spirit, regional banks bonds, Fannie, Freddie, Goldman, Morgan, Boeing, GM, et cetera have enetered the chat.
He doesn’t know what he is talking about. That is pretty sad.
He should Google what socialism means
Fuck off then.
Good for him. I hope more follow suit.
Taxes are socialism?
He needs to flee his barber.
The original federal income tax was a 1% tax on the top 10% and a 6% tax on the top .01%
This fucker is worth $300 billion, pays one of the lowest tax rates in the developed world, and the state he lives in has people die every day because they can’t afford medicine. He can pay some goddamn taxes.
Bye bye, we won’t miss you lol
The selfishness of human beings never ceases to amaze me.
i pay every year 37% of my net worth (which is equal to my yearly salary since I have few savings
❄️he looks like wimp & talks like a wimp
Totally support higher taxes on the rich, but we also need to demand accountability for how the money is spent. California has spent tens of billions on homelessness programs without measurably improving it. Otherwise a lot of this money can get funneled into “shady” non profits.
Odd how these billionaires never fight for the W2 workers who pay 25+% of a yearly salary to the federal government and another 10+% to the state and local. Most of that tax money ends up back with a few well connected (billionaire owner) companies.
But when someone proposed a modest few percentage from them they act like they can’t survive on the remaining 100 billion they are worth.
Google sucks. The US should take our money back from him and deport his ass.
He’s worth $250 billion dollars. That’s $250,000,000,000
These billionaires are just worried about losing ground on the billionaires index. He’s an arrogant prick from people who’ve worked with him
Going to your fifth house in Texas isnt fleeing. It is just moving. I like what New York City is trying to do, tax the shit out of unoccupied residences as well
There shouldn’t be billionaires period. Not while all of us are barely making and playing half of our wages in taxes and healthcare. We do everything while the top does nothing. They can do nothing while at the very least paying their share. So sick of these out of touch losers.
Well I hope he takes out another loan against stock options to pay this so he doesn’t have to actualize his stocks on paper. Govt trying to double dip