103
Meta strikes deal with Zuckerberg to protect him from California wealth tax
(www.theguardian.com)
this post was submitted on 22 Oct 2026
103 points (91.2% liked)
Technology
88955 readers
5052 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Honestly, there should just be a clause that specifies any financial arrangements intended to effectively nullify the personal wealth tax will be further taxed at 150% of the value of said financial arrangements. I am willing to bet a whole hell of a lot forensic accountants would have a blast with that :)
Thats not what happened. People should read the article.
Its a 2 for 1 stock split into voting and non voting shares. He'll sell the non voting shares. Theyre still getting the money from him and no new money is made.
He'll have shares for future taxes as well.
I think tax avoidance schemes like that should result in basically exile. You don't want to pay your fair share to participate in society? Ok, enjoy no society. Not even jail. Just drop them in international waters. Sorry, food requires roads to be able to transport and those use taxes, so since you don't want to pay your share of taxes you don't get the privilege of anything they supply. Just the one free transport and confiscation of everything else since you don't exist as a person in society.
That's probably a little harsh, but I am just over theses people. What ever happened with the Panama papers? Oh, that's right, nothing. They are ruining society for everyone else and there is just no recourse.
I mean… making a person stateless is actually considered a crime against humanity by the UN.
I think exponentially-compounding fines for hyper-wealthy individuals would be perfectly fine, tbh. Also, we’d definitely need to be a LOT more aggressive in terms of slapping those types down as vexatious litigants - look up the implications of that (in US courts, at least) if you’re not familiar with the term.
I was admittedly being hyperbolic. Here's me saying the same thing not too long ago: https://reddthat.com/comment/29539867
It would also be a crime because you're essentially killing them. Being dropped randomly into international waters with no preparation would probably be a bigger concern for them than if their passport is still valid. There are definitely a lot of solutions we haven't tried between our current nothing and state sanctioned murder, I just wish we'd actually implement one.
All that said, it’d be kinda sweet if we could just give these broligarch fuckwits the Napoleon Bonaparte treatment (marooned on St Helena - but these days, probably with a watchdog naval detachment of some sort to detain and similarly incarcerate any broligarch buddies who try to un-exile them with their mega-yachts).
Or, hell, we could even grant Phony Stark his wish: send the fuckers to Mars. Move fast and break things, right guys? That’s what they all say they want, yeah? 😜