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Sergey Brin pours more than $100M into fighting California's billionaire tax

https://www.latimes.com/business/story/2026-08-12/googles-sergey-brin-spent-102-million-fighting-california-wealth-tax
15•wslh•50m ago

Comments

kylecazar•35m ago
At least I understand the "innovation and capital will leave the state" argument.

Brin says he opposes the law out of fear California will become the USSR. This is a democratic vote, on a one-time tax, that leaves private property and corporate ownership structures intact. It's a ridiculous stretch, the motives are transparent.

rayiner•23m ago
A “one time tax” is pure third worldism. It’s like Chicago trying to close its deficit by selling off its parking meters. But Brin should propose an alternative tax that is sustainable.
mlmonkey•8m ago
I don't understand the point of a "one time" tax. What happens once the money runs out a year later? Another "one time" tax?? Why not implement a permanent tax if you want to permanently solve the problem??
JumpCrisscross•5m ago
> don't understand the point of a "one time" tax

It's basically to send a message to a group of people that they should fuck off. There is a reasonable gamut of opinions about whether this is valid. But I think it's fair to say Californians are upset about billionaires, and that this is a coherent way to message that opposition. (Similar to the dumbfuck states messaging around wokeness or whatever. A narrowing minority of America is prosperity first.)

silverFork•1m ago
If they are blocking the one time tax, would they allow for a perma one. Don't be naive. No matter what type of tax it is, they will throw money to keep the status quo. $100M is chomp change to him and he can deduct it most likely.
silverFork•4m ago
Zillionaires troll to avoid taxes. Research Buy-Borrow-Die clause in taxation if you can. Using that clause they hardly pay any taxes so tax laws have been hacked to allow it. They pay less in percentage than people who work for Wendy's . They naturally resort to red baiting for their own benefit. $100M to him is like $100 for other people.

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Sergey Brin pours more than $100M into fighting California's billionaire tax

https://www.latimes.com/business/story/2026-08-12/googles-sergey-brin-spent-102-million-fighting-...
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