#Billionaires pour millions into ballot fight over California wealth tax – The Mercury News https://www.mercurynews.com/2026/05/04/billionairesbillionaires-ballot-measure-wealth-tax-google/ #WealthTax
Billionaires pour millions into ballot fight over California wealth tax

The tax, proposed by the Service Employees International Union-United Healthcare Workers West, would impose a one-time, 5% levy on the net worth of California residents with more than $1 billion in assets.

The Mercury News

The 1% wealthiest people, globally, equals 80 million people. Collectively, they consume 10 times the resources(carbon emissions as a proxy for all resources) of the other 99%.
Correcting inequities in the distribution of food, shelter, health care, education, etc we could offer a decent life to everyone,(including the 1%) but we have to “bell that cat”.
#Degrowth #WealthTax

https://www.iea.org/commentaries/the-worlds-top-1-of-emitters-produce-over-1000-times-more-co2-than-the-bottom-1

Billionaire Sergey Brin Compares California To Soviet Russia

Billionaires worth a combined $1 trillion, including Brin, have fled California as a wealth tax inches closer to the ballot.

Forbes
What happens when you stop taxing really rich people

YouTube

Google co-founder Sergey Brin relocated to Nevada before California's wealth tax cutoff, then spent $58M on ballot measures through "Building a Better California" to influence policy in a state where he no longer lives or pays taxes. The initiative system created to limit corporate political influence now serves as a tool for remote governance by concentrated wealth.

#WealthTax #CaliforniaPolitics #CorporateInfluence

https://www.implicator.ai/opinion-brin-left-california-then-he-annexed-it/

Brin Left California. Then He Annexed It With $58 Million.

Sergey Brin moved to a $42M Tahoe mansion before California's wealth-tax cutoff, then poured $58M into ballot measures to overrule the voters he left behind.

Implicator.ai

Google co-founder Sergey Brin moved to a $42M Nevada mansion before California's wealth tax cutoff, then spent $58M through "Building a Better California" to influence state politics from outside. The pattern echoes early 1900s concerns about external control over state governance - when concentrated wealth drafts elections rather than just influencing them.

#CaliforniaPolitics #WealthTax #CorporateInfluence

https://www.implicator.ai/opinion-brin-left-california-then-he-annexed-it-2/

Brin Left California. Then He Annexed It With $58M.

Sergey Brin left California for a $42M Tahoe mansion, then spent $58M to overrule the wealth-tax voters he abandoned. Hiram Johnson would recognize this.

Implicator.ai

I saw a meme post on Facebook suggesting that no one earns a billion dollars except by wage theft, that no one works a billion times harder than other hardworking people who make ordinary wages. That seems a fair claim. I wrote this next paragraph in response, kind of as a spur of the moment thought, but it's something I want to spend more time thinking about:

I used to think that one solution to this was the practice of asking CEOs to not make more than some fixed multiple of their lowest-paid employee. But now I see the goal is to not employ anyone either. A lot of the benefits for corporations are justified on the idea that they employ people, so helping them helps people. Now that this assumption is on a path to being increasingly violated, we need to reconsider our special treatment of corporations as well.

#ai #corporations #billionaires #NoBilliionaires #LateStageCapitalism #ShareholderCapitalism #RegulatoryCapture #society #ethics #unemployment #automation #law #CapitalGains #CapitalGainsTax #WealthTax #inequality #fascism #feudalism #oligarchy

3,100 people have more than $18 trillion.

Isn't the answer obvious? #TaxTheRich

#WealthTax

Number of billionaires globally could reach 4,000 in next five years
https://www.theguardian.com/news/2026/apr/23/billionaires-super-rich-global-wealth-gap-economy

Number of billionaires globally could reach 4,000 in next five years

There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around world

The Guardian