Google Founders Quit California Over Billionaires Tax Proposal

[Lockback]

We need a wealth tax at the federal level.

"You can say that again, Comrade!"

 

[DigitalDrifter]

This:

Critics like LinkedIn co-founder Reid Hoffman called the wealth tax a "horrendous idea" and counterproductive.

"Poorly designed taxes incentivize avoidance, capital flight, and distortions that ultimately raise less revenue," he said.

 

[task0778]

This:

Critics like LinkedIn co-founder Reid Hoffman called the wealth tax a "horrendous idea" and counterproductive.

"Poorly designed taxes incentivize avoidance, capital flight, and distortions that ultimately raise less revenue," he said.

Agreed, and capital flight discourages economic growth. It's difficult for me to understand how or why the progressive Left does not see this consequence.

 

[JLW]

Ironically ... Google is about as far left as you can get. They're all for Socialism when it affects YOU but are appalled when it affects THEM. So Google will leave the Marxist shithole that is California and likely take their woke ideology to some hapless Conservative State. Hypocrites!!

I read that a lot, but the truth is many blue state transplants to Florida vote far more conservatively than the natives. Before the mass transplant of blue staters to Florida, Florida would often elect Democrats to state offices, governors and senators were often on the moderate side. Not anymore. Good luck to a Bob Graham or Lawton Chiles getting elected in Florida these days.

 

[krichton]

How about a poor tax, something to encourage you losers to learn a skill and get a damn job.

Aww, here come the bootlickers to fight for their massas!

 

[krichton]

No we don’t. We need far less taxation and spending by the government at every level.

If you like taxes so much, try Europe.

If you told me that I had the opportunity to become a billionaire tomorrow, but I needed to pay a one time wealth tax of 5%, it would probably take me a nanosecond to decide to pay it. How about you?

 

[Anathema]

If you told me that I had the opportunity to become a billionaire tomorrow, but I needed to pay a one time wealth tax of 5%, it would probably take me a nanosecond to decide to pay it. How about you?

We’re not talking about a one time tax. You and I both know that once the government gets its claws into an income source it never becomes a “one time” event.

In your scenario I’d probably take the money, pay the tax then move myself, my family and all our assets out of the United States ASAP.

 

[Thinker101]

Aww, here come the bootlickers to fight for their massas!

Cmon man, posting online from the corner? Cars are passing by, hold that carboard sign higher.

 

[ThisIsMe]

If a rich person is expected to pay a higher tax rate than everyone else, what do they get for that? Remember “taxation without representation”? So if they have more taxation, do they get more representation?

 

[there4eyeM]

Government ordained and regulated redistribution of what is commonly regarded as wealth has a very poor historical record. It can hardly be recommended as the medium for what is, after all, itself a dubious endeavor. The amount of difference in wealth between the most and least affluent is not a basic problem in itself. First, it would have to be established that those found to be least affluent do not have enough to live in reasonable health and security. Envy alone is not an acceptable motivation.

 

[there4eyeM]

If a rich person is expected to pay a higher tax rate than everyone else, what do they get for that? Remember “taxation without representation”? So if they have more taxation, do they get more representation?

Those who have more to defend can reasonably be expected to pay more for that protection. That applies to insurance, why not to national defense? Anyway, that is not truly part of the question of taxing "the rich" just because they have more money than some other identifiable sector of the population.

 

[leftwinger]

If you told me that I had the opportunity to become a billionaire tomorrow, but I needed to pay a one time wealth tax of 5%, it would probably take me a nanosecond to decide to pay it. How about you?

What about net worth $950 million?

 

[Independent thinker]

A clear message for the left as their Stalinist ideology of wealth distribution has both the middle class and the tech employers scrambling to leave.

https://www.newsmax.com/us/billionaire-tax-california/2026/01/10/id/1241576/

The left don't listen. They've had a ton of both rich and poorer people leaving. They bury their heads in the sand about it.

 

[ThisIsMe]

Those who have more to defend can reasonably be expected to pay more for that protection. That applies to insurance, why not to national defense? Anyway, that is not truly part of the question of taxing "the rich" just because they have more money than some other identifiable sector of the population.

Why should they pay more to the government for the same defense ? If they pay more, should they get more defense? More representation?

Maybe more access to the system? Or..maybe more access to tax breaks?

 

[krichton]

We’re not talking about a one time tax. You and I both know that once the government gets its claws into an income source it never becomes a “one time” event.

So you can prove this claim? Ok, go ahead, I'll wait for the answer. The rich and power in this country continues to grow exponentially in wealth and power each year, but we're supposed to believe the government is "getting it's claws" into their income? More like the other way around. Btw, Google is a 4 trillion dollar company btw.

In your scenario I’d probably take the money, pay the tax then move myself, my family and all our assets out of the United States ASAP.

Enjoy living in your mansion in the Congo.

 

[krichton]

What about net worth $950 million?

Same.

 

[leftwinger]

Same.

What about net worth $950K?

 

[krichton]

What about net worth $950K?

Is there a 5% wealth tax proposal on those with a net worth of 950k?

 

[Anathema]

The rich and power in this country continues to grow exponentially in wealth and power each year, but we're supposed to believe the government is "getting its claws" into their income? More like the other way around. Btw, Google is a 4 trillion dollar company btw.



Enjoy living in your mansion in the Congo.

Why should someone pay a higher percentage in taxes simply because they’re more successful?

I would rather live my life my way in the Congo than let the government take more of what I work for. Especially when what’s taken is wasted on foreigners, social programs, and the poor.

 

[Jarlaxle]

Hard to believe a wealth tax would be constitutional, double taxation and all that. But how frickin' stupid can you be, chokin' that golden chicken. Rich people ain't dumb, many have left for other places already, and others are no doubt in the process of leaving. I mean, the writing is on the wall, sooner or later CA is coming after your wealth, one way or another.

Certainly not, would need an amendment.