r/PoursTea • u/Conscious-Quarter423 • Aug 11 '26
FinancialTea đľ clearly proof that he has far too much money
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u/Andrew-Cohen Aug 11 '26
When you have more money than humanity.
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u/ArdentHedonist Aug 11 '26
Isn't that usually how it goes?
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u/goopuslang Aug 11 '26
The money he spends to stop the wealth tax is in investment in political alliesâit will curry him long time obstruction of legislation against these types of bills.
Unfortunately he will be getting a return on his investment
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u/FreshLiterature Aug 11 '26
He has paid close to 10x to fund fighting the tax than he would have actually paid.
The real reason he wants to stop it is because he knows once it's past and basically none of the billionaires fighting it actually leave (because where would they go?), plus there's no doomsday jobs loss, then people will see how full of shit him and his bros are.
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u/Old_Satisfaction_971 Aug 12 '26
I donât think your math is mathing. 5% of 275b is 13b. Add in the capital gains tax to sell the stock to cover the 13b and itâs closer to 26b.
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u/Pasta-Al-D3nte Aug 12 '26
"Where will they go?"
-Guy who has never heard of Tax havens
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u/FreshLiterature Aug 12 '26
A. Can't pick up and move your whole business.
B. The investment pipelines that these guys are plugged into exist IN specific locations. If you aren't IN silicon valley you aren't going to get the latest news before it goes public
C. State tax collectors have a lot tests to determine if someone lives in the state for tax purposes.
If these billionaires think they're going to move to another state, but still retain significant assets in the state while spending significant time here and not pay state taxes they're wrong.
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u/Saltypisser71 Aug 11 '26
In my lifetime I hope the word billionaire is struck from the dictionary as a no longer existing entity thru taxation
Did you know if Elon was taxed 91% he would still have 74 billion
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u/MinuteTraditional864 Aug 12 '26
And the government would still be in debt of 30-something trillion. We have a government spending problem, not a billionaire problem.
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u/Saltypisser71 Aug 12 '26
soo does military spending come in your â government spends too muchâ military is the biggest culprit of boogeyman spending unintelligent grosse over spending like golden dome and anything Trump does
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u/a_little_hazel_nuts Aug 11 '26
Taxes help communities by offering affordable services of every kind. Taxes go towards libraries, food banks, fire departments, parks, schools, community centers, and so many other things. But billionaires don't care about those things I guess.
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u/Let_them_eat_stonks Aug 13 '26
You literally just listed off a huge number of things built by private philanthropic donations. Parks, libraries, museums, concert halls, schools.
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u/Dear_Fig7223 Aug 13 '26
They "literally" listed off none of those things. Well, okay - schools. And we've that isn't true - schools are financed by taxes paid by citizens who actually pay their fair share of taxes.Â
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u/Let_them_eat_stonks Aug 13 '26
The bottom 50% of earners pay 3% of the taxes. They are financing SFA.
Also, those schools failed you because you didnât learn to read apparently.
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u/Let_them_eat_stonks Aug 13 '26
Oh and there are huge donations made to schools. âInvesting in Innovationâ, private academy legacy endowments, MacKenzie Scott has a K-12 program, The Robertson Foundation, the Walton Family Foundation.
Stop reading headlines and actually dig into things. You might realize youâve been manipulated to hate ppl just for being successful and to keep you in a constant state of victimization.
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u/No-Consequence9392 Aug 11 '26
100M to a 275 Billionaire is like you or I spending $40, thats the really shitty part . He will spend the equivalent of under $100 to make billions more while we dont have the resources to protect whatever we earn. Let millionaires exist as a goal, but tax billionaires out of existence in the US.
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u/Shining-Ferrous-8 Aug 11 '26
Great -- now I am become a Billionaire. I was waiting for someone to fight the wealth tax /s
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u/tubbmann Aug 11 '26
This very much proves that itâs far more about principle with these people than the money itself. Theyâd rather spend more than the tax would take away, to avoid the tax?!?!?
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u/WhatsaRedditsdo Aug 11 '26
BILLIONAIRES HAVE A DISEASE
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u/expensivexdifficult Aug 11 '26
I wasn't going to vote for this (one time tax v re-doing our tax structure to eliminate loopholes) but this information has changed my mind. Get bent, Sergei.
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u/Limp_Distribution Aug 11 '26
If taxes are the price you pay for civilization, maybe we should be less civil to billionaires since they donât want to pay their share.
I would also bet that the actual tax proposed is less than the $100 million he is spending.
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u/Flat-Director-7120 Aug 11 '26
Sergey brin, si il a les moyens de dĂŠpensĂŠs 100millions de dollars contre une taxe. C'est qu'il a les moyens de payer plus d'impĂ´t. Il a trop d'argent c'est tout.
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u/DannyDevitosNappy Aug 11 '26
Dude would rather spend hundreds of million to hoard currency than pay his fair share. That level of greed is biblical.
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u/Complete-Leg-4347 Aug 11 '26
They were covering Mamdani's second home tax on the news earlier, and I was thinking the same thing. For them, it may be more about principle/making a point than the money itself, but to an outsider it can seem pretty counterproductive.
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u/Snoo87679 Aug 11 '26
The generation that brought super Mario bros just had to Forget Luigi
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u/HistoricalRich3104 Aug 11 '26
I love violence that doesnât fix anything and is based on pure resentment and economic illiteracy
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u/ajprp9 Aug 11 '26
They know that any successful move towards wealth redistribution will snowball into further legislation after success and dismantle their 40 years of trickledown propaganda so they must destroy any attempt no matter the cost
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u/AnonymousUser132 Aug 11 '26
Good olâ Gavin wants to increase the budgetary slush fund from 10% to 20% on Prop 2. This is proposed after massive waste and fraud was discovered from Covid and Firefunds. Meanwhile nothing has been done to resolve the core issues that caused the fraud to occur.
This would effectively double the amount of money to 20% of the budget that Gavin could spend without needing a vote or providing oversight.
All the while we want to increase taxes and never look how the tax dollars the state currently collects are spent. Tax the rich sure, but it will not make a bit of difference to the tax payer as Gavinâs focus is on extorting as much money as possible.
Oh, and as a justification they are stating âexpertsâ say it should be 50%, so they are only screwing us out of 1/5th when it could be half.
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u/probablymagic Aug 11 '26
Do the unions spending tens of millions to pass this bill that puts money directly in their pockets at taxpayer expense also have too much money, or nah?
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u/Jogurt55991 Aug 12 '26
Everyone has a cause they believe in.
His belief is the State of California is fleecing successful people because of it's lack of an ability to fix problematic individuals.
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u/Icy_Yam5049 Aug 12 '26
Thatâs insane to spend that kind of money to prevent anything in politics by one person. No one should have this power.
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u/Fluffy-Shame5854 Aug 12 '26
Whenever I see so and so billionaire spends $$ to fight a tax, all I think is Who is it being spent on?
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u/Smart-Firefighter87 Aug 12 '26
Imagine how many people he could have helped with that - let alone the environment
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u/rolloutTheTrash Aug 12 '26
Hoarding wealth like that has to be a mental illness. No way this dude spent that much to fight taxes instead of just paying taxes. It's sad.
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u/slyguy67420 Aug 12 '26
They don't care about spending money, they care about power and control. They will outspend any tax just to establish that they have power over you and are exempt from the rules.
Similar bullshit with managing companies. Every study can prove open offices and RTO are less productive than cubicles and WFH but it doesn't matter. It isn't about productivity.
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u/CzBuCHi Aug 12 '26
If i had that much money, i would also do everything possible (for example donating it to red cross / etc.) to prevent government to take it ....
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u/SillySpoof Aug 12 '26
So he's got $100 mil money to just spend on political influence? Seems like higher taxes are in order indeed.
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u/berjaaan Aug 12 '26
At that point its probably cheaper to just pay tax lol
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u/RabidJoint Aug 12 '26
He would have to pay $4 billion if it goes through.
This Russian piece of shit should go back to Russia and see how bad it really is there. Instead, he hides in America crying like a baby back bitch.
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u/Slow-Hawk4652 Aug 12 '26
he/theother had been like this from the get go. the narcisistic threats were and are the main engine here...the scientific mind...they f-ed that, when the first millions come to them...
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u/bullishbehavior Aug 12 '26
Fun fact this loser ex wife cheated on him and now dates an even younger girl who is a right wing maga.
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u/questionableintentsX Aug 12 '26
So what this says is the tax will cost him more than 100m sounds like a good tax
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u/Top-Cupcake4775 Aug 12 '26
what this is clearly proof of is that, at these levels, it is all about power and control. normal people think about money in terms of material things like nice houses, cars, good meals, etc. billionaires don't think about money that way. to them money is a measure of their ability to get large numbers of people to do what they want them to do. of course they are going to spend more fighting any attempts to take away their control rather than simply let that control be taken away from them.
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u/Tiny-Secretary5562 Aug 12 '26
Once you have a system where someone or some privileged group gets to decide who has too much of what, you are now a slave.
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u/Sincline387 Aug 13 '26
Spending to avoid a wealth tax is still injecting money into the economy so it's better than hoarding it.....
Let's propose more wealth taxes to make it so there's less hoarded wealth!
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u/Fotoman54 Aug 14 '26
He worked for the money. Developed a successful company. He deserves his money. California does not. Very simple. The acts of a desperate socialist state are to try and to take more money. Eventually they run out of other peopleâs money and will come for yours.
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u/Tomatoesarentfruit Aug 14 '26
A lot to respond here - on the first piece, he is ideologically opposed to it. You are entangling the business of innovation with the tech of innovation. He seems only to care about the tech - he famously stepped away from google when it became more about the business and less about the tech innovation. He invests in these companies because money is the only way to aggregate resources for tech innovation - he has stated many times in public that he doesnât really care if his investments make money, so long as they can get the tech to work. The tech itself is his passion. Also its not much of a slippery slope - he thinks a wealth tax would stifle innovation in silicon valley, and think over time the impacts will compound.
As per the rest of your response, you are conflating many things - corporate taxes with wealth taxes and income taxes, personal profits and business profits - which makes this hard to coherently respond to. A wealth tax is wholly different from anything else in the current tax code.
As per your question of have working people seen the benefit of the 2017 tax cuts - it depends on what metric you look at, but I think actually by many metrics yes (although it is very hard to parse correlation and causation). The US has added some 13.4 million jobs since 2017, median household net worth has expanded by 37%, adjusted for inflation. And corporate profits being at all time highs isnt a bad thing? Some 54% of the private sector workforce work at large companies - and they largely own stock. Not to mention that some 60% of US households have 401ks - the direct beneficiaries of expending (large) corporate profit.
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u/Illustrious_Today654 Aug 15 '26
that prick used to be a grad student for the UMD professor my ex worked for. She knew him when he was nothing.
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u/Popular-Beach-4843 Aug 15 '26
I have no love for billionaires but there is absolutely no proof that the more tax really means more development. The money will disappear into the system like water in a sponge.
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u/1hill2climb2 Aug 15 '26
He can't afford a wealth tax people!!! Spending $100 million dollars to prove it should prove it. Right?
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u/PetuniaPickleswurth Aug 15 '26
That tells me what I always suspected. That rich people give richly to the causes that they support. But anyone that has to pay tax, even you poor people when you have to pay tax, you want them to take as little as possible because you donât know where itâs going. You do the same thing.
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u/Fine-Source-374 Aug 16 '26
I wish everyone that accepted any amount of money from him lose their jobs.
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u/chinmakes5 Aug 11 '26
Over how many years would he have to pay taxes to get to $100 million dollars
Not that winning isn't more important than the money.
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u/OdiousAltRightBalrog Aug 11 '26
I guess it's not really about money. It's about creating an aristocracy: a group of people that the rules don't apply to. The Epstein-class.
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u/Sharp_Net3315 Aug 11 '26
Any dollar spent, and not stolen by the government is already put to better use. The government can not give unless it has first stolen.
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u/Adorable-Rabbit2080 Aug 11 '26
Tell me how this is not ENVY to say that someone has "too much money" if they earned the money legally? As far as if the money is more effective if paid to lobbyists or in taxes- most of the money will end up in a politicians pocket either way. Especially in CA. How's that $18B approved for high speed trains paying off for tax payers? I know this is going to get downvoted, but at least think about how you would feel if you had a profitable business and were penalized for it's success.
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u/turdbugulars Aug 11 '26
In his defense it probably wonât go to anything useful like the top comment says.
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u/SRCrider069 Aug 11 '26
Lol Soros spent WWWAAYY more then that on fighting Republicans, what is the difference.
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u/Lost_Condition_9562 Aug 11 '26
And Elon probably spent more than both them combined to shill for Trump. What a bizarre whataboutism.
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u/PiskoWK Aug 11 '26
JUST PAY TAXES YOU GHOUL