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.
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.