It’s baffling to me how much billionaires here in California are willing to spend to avoid a one time wealth tax. Like, they’re almost spending as much money on ads against prop 40 as they would have paid in the wealth tax itself.
Like, they’re almost spending as much money on ads against prop 40 as they would have paid in the wealth tax itself.
I’ve heard hundreds of millions spent in total. One billionaire alone, Sergei Brin, would owe $12b in taxes if this tax passed. The amount he’s spending fighting the tax is a tiny fraction of what he’ll have to pay if the tax passes.
It gives you an idea of just how insanely rich these people are. It also fully justifies why they should not exist at all. If one man can spend a tiny, insignificant fraction of his net worth to influence governmental policy, and it’s the most spent on any political issue ever, it shows how much power that one person wields. Not only is every billionaire a policy failure, a billionaire is an engine for producing policy failures at scale. They need to be destroyed.
Yeah, I get that, but still… even if it fails there’s nothing stopping us from trying again in a couple more years. It’s not like it’s legal precedent where they can argue in court as to why they shouldn’t have to pay their fair share of taxes.
An obsolete document that has been amended repeatedly is now held up as some unchangeable and sacred thing, despite the fact that the dicks who wrote it never intended for it to thus
And’ Muricans are lazy. There will be no next time, because someone will just say “it was tried, and it failed” and everyone will just shrug their shoulders, the way they always do
It’s baffling to me how much billionaires here in California are willing to spend to avoid a one time wealth tax. Like, they’re almost spending as much money on ads against prop 40 as they would have paid in the wealth tax itself.
They don’t want that kind of consciousness in American citizens. it’s a long-term investment.
I’ve heard hundreds of millions spent in total. One billionaire alone, Sergei Brin, would owe $12b in taxes if this tax passed. The amount he’s spending fighting the tax is a tiny fraction of what he’ll have to pay if the tax passes.
It gives you an idea of just how insanely rich these people are. It also fully justifies why they should not exist at all. If one man can spend a tiny, insignificant fraction of his net worth to influence governmental policy, and it’s the most spent on any political issue ever, it shows how much power that one person wields. Not only is every billionaire a policy failure, a billionaire is an engine for producing policy failures at scale. They need to be destroyed.
Because they want to kill the precedent
Yeah, I get that, but still… even if it fails there’s nothing stopping us from trying again in a couple more years. It’s not like it’s legal precedent where they can argue in court as to why they shouldn’t have to pay their fair share of taxes.
Have you seen 'Murica?
An obsolete document that has been amended repeatedly is now held up as some unchangeable and sacred thing, despite the fact that the dicks who wrote it never intended for it to thus
And’ Muricans are lazy. There will be no next time, because someone will just say “it was tried, and it failed” and everyone will just shrug their shoulders, the way they always do
Isn’t there also a vote for blocking future wealth taxes?