53
Meta strikes deal with Zuckerberg to protect him from California wealth tax
(www.theguardian.com)
If they won't give voluntarily..
this post was submitted on 22 Oct 2026
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Under the deal, Zuckerberg will receive new shares that could be sold to potentially foot a multibillion-dollar tax bill in the event that California passes a one-off billionaire tax. In return, he is committed to remain a resident of the state, or wherever Meta maintains its base, for eight years
Cool...
So we can do another "one time" wealth tax again the next 7 years and lil zuck the duck is locked in?
Billionaires wealth and their companies assets have been interchangeable for a long time, just keep fucking take it back from either of them, it accomplishes the same thing.
We just can't stop with the one off.
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 :)
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.
We just can’t stop with the one off.
Maybe a one off every year. 😋
I bet it's an attempt to make the billionaires not flee California. But really, if they don't pay fair taxes good riddance.
They should consider themselves lucky every day they are allowed to keep their head.
Sounds more like Meta is just paying him to pay the tax. They turned it from a wealth tax to a corporate tax.
Oh no! So anyway…
Yeah, that's kind of how I feel. Does it really matter if Meta decides to foot his bill for him? Either way the tax is getting paid.
Good job, Zuck. Thanks, Zuck. 🤭
Gross.
Perfect as in protect his control of the company, he would still have to cough up some money, he just has shiny new non voting shares he can sell.
Certainly masturbatiry, but making the ultra wealthy dildos pay still.