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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.

top 45 comments
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[-] CharlesDarwin@lemmy.world 1 points 14 minutes ago

And he'll still be a billionaire after that.

[-] WesternInfidels@feddit.online 4 points 1 hour ago

Imagine another headline for the same facts:

"Google cofounder so rich he could afford to pay $13 billion in taxes"

[-] forkDestroyer@infosec.pub 9 points 3 hours ago

I remember when I wanted to work for Google.

[-] crypt0cler1c@infosec.pub 4 points 2 hours ago

Don't be evil

[-] Windex007@lemmy.world 4 points 2 hours ago
[-] starman2112@sh.itjust.works 40 points 5 hours ago

God I fucking hate the rich. He's spending thousands of times my yearly pay just to avoid paying less in taxes than I do

[-] switcheroo@lemmy.world 27 points 4 hours ago

Pay your taxes, you fucking parasite.

[-] nonentity@sh.itjust.works 13 points 4 hours ago

Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

[-] FlyingCircus@lemmy.world 1 points 1 hour ago

Even hundred millionaires and multi-tens millionaires have too much. 10 million is more than enough for you and your children to never have to work and live a comfortable life.

Even that is too high if everyone else on the planet does not have enough for basic necessities after an honest day’s work.

[-] likebudda@reddthat.com 11 points 4 hours ago

My YTD return on my 401k is 16%. If a billionaire can't make 5% they're not much of a billionaire.

[-] DickHertz@lemmy.world 61 points 6 hours ago

Bring back pre-Reagan tax rates on the rich.

[-] FrChazzz@lemmus.org 26 points 5 hours ago* (last edited 3 hours ago)

Those 1950s glory days that Republicans keep harkening back to involved Ike, a Republican president, taxing the [very] wealthy ~~like 52% (fake viral posts say 90%).~~ at a rate of around 90%.

EDIT: Corrected based off of comments. The 52% rates seem to be more common among the "wealthy" at the time, but in comparison to billionaires today, the 90% rate would be more accurate. The "fake viral posts" is in reference to memes that make it sound like every person who counted as "wealthy" were taxed at 90%. I realize I could have written all of that more clearly.

[-] hraegsvelmir@ani.social 15 points 4 hours ago* (last edited 4 hours ago)

Is it fake viral posts, or just people not understanding how marginal tax rates work or how they differ from your effective tax rate again? The highest tax rate did cross over 90% at the tail end of WWII, but very few people actually had to pay taxes at that rate, and even then, their effective tax rate would have been much lower.

Edit: Just to illustrate, this site has historical tax rates for the period in question. For the sake of simplifying then math, I'm doing this assuming you only paid 3% income tax on income up to $100,000/year, and 94% on earnings above that with the surtax. Source for the income numbers is straight out of my ass, but it doesn't really matter, as it's only to illustrate the point. So, say that year, you managed to make $110,000. You would pay 3% on your first $100,000 in taxable income, and 94% on the remaining $10,000 you earned above that, making your effective rate 11.27% across your whole income, with a tax liability of $12,400. You can have both lower effective tax rates and higher marginal tax rates for your highest earners without either one negating the truth of the other.

[-] Ludicrous0251@piefed.zip 5 points 4 hours ago

https://www.irs.gov/pub/irs-prior/i1040--1955.pdf

1955 top income tax bracket is 91% for single income over $200k ($2.5M today). IDK what's fake about that, except if you don't understand the concept of bracketing taxes.

[-] TeaWithDani@lemmy.world 73 points 7 hours ago* (last edited 7 hours ago)

It's just 5% of his wealth. Most people give anything from 20% to 50% of their annual income to taxes and will pay income taxes on all their retirement savings when they pull it.

[-] Dojan@pawb.social 12 points 4 hours ago

I’d gladly pay 5% of my total wealth once in lieu of taxes. It’d amount to about $50. Granted all of society would grind to a fucking half if us workers weren’t paying taxes because the other leeches fucking aren’t.

[-] obviouspornalt@fedinsfw.app 1 points 2 hours ago

i'd be willing to bet that goog has declined 5% or more in a single day more than 50 times since IPO.

[-] deegeese@sopuli.xyz 75 points 7 hours ago

Another rich tax cheat parasite like Zuckerberg and Musk.

[-] takeda@lemmy.dbzer0.com 6 points 2 hours ago

That have so much wealth that they wouldn't even notice and it would help with finding that were cut by Big Billionaire Bill. Including social net.

But yeah, fuck us, fuck our children and grandchildren.

If your are in California, please vote yes on prop 40, and vote NO on prop 41 and 42 (Trojan horses placed by Sergey that would block prop 40 even if it passes)

[-] Fishnoodle@lemmy.world 15 points 7 hours ago* (last edited 7 hours ago)

We need to make readily available MANPAD blueprints using easily obtained materials.

There is no private jet that shouldn't be shot out of the sky. You don't need billions to make rich people live in fear. You just need labor.

[-] jackal@infosec.pub 2 points 2 hours ago

Me when capitalists try to make me work: fuck you; pay me.

Me when I have to work to end capitalism: oh boy, here I go again!

Time for some research on MANPADs.

[-] joedinkle@lemmy.world 2 points 3 hours ago

I wish I could pay that much in taxes

[-] Madison420@lemmy.world 27 points 7 hours ago

They don't want to pay because most net worth over a couple hundred million is straight up made up. He couldn't get 13billion liquid if he tried nor could most billionaires.

[-] eurodyne@piefed.world 33 points 7 hours ago

Exactly. Because that money does not actually exist anywhere other than in their imaginations.

Still, fuck ‘em. Just like they’ve been fucking the rest of us for decades.

[-] protist@retrofed.com 11 points 6 hours ago

I wonder if he's tried not ordering avocado toast and making coffee at home

[-] toomanypancakes@crazypeople.online 18 points 7 hours ago

Sounds like a skill issue to me.

[-] dudeface@lemmy.world 12 points 6 hours ago* (last edited 6 hours ago)

There is plenty of millionaires that want to be taxed more, billionaire wealth hoarders are psychopaths though

[-] UnderpantsWeevil@lemmy.world 4 points 5 hours ago

Plenty will say whatever is popular, then donate to candidates who do the exact opposite.

[-] dudeface@lemmy.world 1 points 5 hours ago

Millionaires aren’t really contributing, it would cost them more than what it’s worth, unless you are working towards billionaire level wealth

[-] UnderpantsWeevil@lemmy.world 2 points 4 hours ago

Millionaires aren’t really contributing

The multimillionaire used car dealer, the retired middle manager, and the seventh generation family money failson make up the backbone of the party going back to the Hoover Era.

[-] Mouselemming@sh.itjust.works 4 points 5 hours ago

I know some public schools (about 10 thousand) that could use a piece of that $13 billion, if we can manage not to waste it on the popo

[-] ceenote@lemmy.world 10 points 7 hours ago* (last edited 7 hours ago)

Unfortunately, based on the polling, it sounds like it's been working. Fuck this stupid wealth worshipping culture.

[-] ech@lemmy.ca 4 points 5 hours ago

The math is always easy on these things - the millions paid to fight progress is always a fraction of what they expect to lose if it passes, making it simple to know why they oppose these changes instead of the nonsense propaganda they spread.

[-] lIlIlIlIlIlIl@lemmy.world 8 points 6 hours ago

Welfare Queen

[-] anon_8675309@lemmy.world 5 points 6 hours ago

That 5% return on 260. He’ll never know it’s gone.

[-] UnderpantsWeevil@lemmy.world 2 points 5 hours ago

A billion here. A billion there. Pretty soon, you're talking about a lot of money.

The dirty truth is that it's far cheaper to bribe officials not to tax you then it is to pay taxes.

[-] UnderpantsWeevil@lemmy.world 4 points 6 hours ago

It's California. He won't lose while Gavin Newsom and his friends are in power.

[-] Mulligrubs@lemmy.world 8 points 7 hours ago

It's easy to tell who government serves; The rulers are the ones paying the least taxes.

You can tell when our government "sold out"; it's when taxes were cut severely (for billionaires) way back in the 80s by Reagan and Republican party

You can tell the Democrats are in on it because they never restore those taxes (which they could do whenever they'd like).

[-] joyjoy@piefed.social 1 points 4 hours ago

Sick of paying taxes? Give away all you money.

[-] kingkong@lemmy.world 2 points 5 hours ago

should make the tax every year. not just 1 yr

[-] DylanMc6@lemmy.dbzer0.com 1 points 4 hours ago* (last edited 4 hours ago)

I really need to read Marx, don't I? I need some easy methods on reading and studying theory.

[-] Corvidae@lemmy.world 1 points 5 hours ago

This is why there should be no billionaires.

[-] _stranger_@lemmy.world 1 points 5 hours ago

let's make him own 1300 Billion.

[-] pageflight@piefed.social 1 points 5 hours ago

13 / 0.05 = 260

He has $260 Billion?!

Yeah, spread that around. He wasn't doing more than playing around with Google Glass 10 years ago, coming up with Google (and then doing his best to sabotage it) isn't worth that by a long shot.

[-] danc4498@lemmy.world 1 points 6 hours ago

Probably tax deductions too.

this post was submitted on 05 Oct 2026
422 points (99.8% liked)

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