Technology

Two takeaways here:

1. I thought billionaires would leave the state if we taxed them?? Are you telling me there is a compelling reason that either they or their companies might want to stay located in CA? Who would have guessed?

2. I'm OK with this. It is basically a corporate tax now instead of a personal tax. As long as CA gets the billions of dollars it needs from someone, I don't care where it comes from. We should be taxing corporations more and should be taxing billionaires more, but it is a start. Also, this fucks the shareholders who might maybe possibly think of restricting pay packages for him.

If they won't give voluntarily..

"All animals are equal, but some animals are more equal than others."

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.

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.