r/technology • • 18d ago

Society Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

https://fortune.com/article/how-much-has-google-cofounder-sergey-brin-spent-to-oppose-california-billionaire-tax-102-million-owe-13-billion-if-loses/
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u/Imhereforthechips 18d ago

Every boomer reminisces of the 1950s and 1960s.

From 1950 through 1963, the top federal income tax rate ranged between 91% and 92%.

Executives should be paid a salary like the rest of us instead of shares that they can take loans out against and never have to pay off.

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u/tidal_flux 18d ago

Isn’t that supposed to be when America was “great?“

9

u/Smooth_Rocket_ 17d ago

For a certain portion of people it was pretty great. Its the only time in history 1 person could work a job and go from lower to middle class for a whole family.

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u/Mathfanforpresident 18d ago

Surely just a coincidence. Right?

L.O.L