Proposition 40, which will be on the ballot in November, would impose a one-time, 5% tax on California’s 200 billionaires,

These fucks will do anything to avoid paying taxes...

with 90% of the revenue from the proposed measure going toward the state’s health care program and 10% going toward education, food assistance, and administration. Brin, with a net worth of nearly $260 billion, could owe about $13 billion as a result of the tax.

Can't be contributing to "socialism" I guess? Get some of that $260 billion liquid and pay up, dickhead.

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[–] 22 points 2 days ago (3 children)

I dont care how many billions he's gonna lose

It's literally a one-time 5% tax.

The more money they scream they're gonna lose the more I can see them afford to pay

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  • [–] 1 point 1 day ago (2 children)

    It shouldn't be 1 time, it should apply every year

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  • [–] 1 point 1 day ago* (1 child)

    That likely isn't sustainable, unless their wealth always grows back and exceeds the tax they paid, by the following year. Also, this sort of tax policy tends to have a negative impact on the speculation market that creates that growth in the first place.

    I'm not defending billionaires here, I'm just highlighting the mathematics of doing it every year.

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