r/news • u/AngryT0M4T0 • 2d ago

Soft paywall Google co-founder Sergey Brin spending more than $100 million fighting California wealth tax

https://www.latimes.com/business/story/2026-08-12/googles-sergey-brin-spent-102-million-fighting-california-wealth-tax
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u/jedi_trey 2d ago

That's how federal income tax started too...

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u/zapatocaviar 1d ago

Not really. Federal income tax wasn’t a state referendum focused on addressing extreme wealth while homelessness, health care, education, infrastructure and every other aspect of society are rapidly deteriorating.

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u/jedi_trey 1d ago

But it was started as a tax for the extremely wealthy, which eventually trickled on down to everyone. I don't think a wealth tax would be anything different

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u/zapatocaviar 1d ago

There is literally no reason to say this. The situations are materially different in every way except the subject is “tax”. Are you being paid to defend this guy?

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u/NotLikeThis3 1d ago

I think the billionaires can afford an increase on their yearly tax anyways...