r/technology • u/Logical_Welder3467 • 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/htx1114 18d ago

But won't anyone think of the custom yacht makers? How are people going to afford a $50 billion yacht - fucking timeshares?

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u/Dear_Chasey_La1n 17d ago

The irony would be, instead of building a 50 billion yacht he gets to build 30 2.5 billion USD yachts. The problem with wealth is they aren't spending it. When people have less wealth, they are more likely to spend more. 100 1 billion billionaires will spend together more into the society than 1 100 billion billionaire.

Which is why welfare to the poor is fantastic, they have no ability to save they are cash strapped. Give them 100-200-500 USD monthly and they will spend it on daily needs. Give a billionaire 1 million he will add it to the pile of money to jack off to.

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u/Content-Nectarine875 17d ago

Yeah when I learnt that giving money to the poor actually makes a profit for society. Took a while for me to get my head around it.

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u/Ok_Umpire8214 17d ago

Our economy works bc we are poor and need to spend money to survive. Rich people hoarding money only hurts the majority. It’s like these people skipped economics