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In reply to the discussion: Google co-founder leaves California amid billionaire wealth tax [View all]DBoon
(24,750 posts)46. Tech billionaires have contempt for everyone not in their class
Tech billionaires also have contempt for democracy itself. They are outspoken about replacing it with an authoritarian oligarchy.
This tax offends them because it implies they should be subject to laws passed democratically by ordinary citizens. They would prefer to rule over us without restraint.
It's not the small amount they would pay that is at issue - they object to being held the least bit accountable accountable by citizens.
They say so openly and at length. Writings urging the replacement of democracy have been openly published. For example Marc Andreesen's "Techno-Optimist Manifesto" :
...By late 2023, Andreessen, formerly a supporter of the Democratic Party, was said to have grown politically disillusioned with the Biden administration due to the volatility in the technology space for venture capitalists. The new environment was attributed to the imposition of antitrust laws on the tech sector and a renewed push for regulation of cryptocurrency, a sector in which Andreessen Horowitz was deeply invested in as a firm. The added scrutiny given to the tech sector in the wake of the Bankman-Fried scandal was also a contributing factor to Andreessen's newfound thinking. According to The New York Times, Biden's proposed "billionaire minimum income tax" led Andreessen to shift his political alliances to the Trump campaign.[8] In October, Andreessen composed his thoughts and posted the "Techno-Optimist Manifesto" essay online.[13] Dwarkesh Patel, who had previously interviewed Andreessen at the beginning of the year, responded to the manifesto with criticism and counterarguments, leading Andreessen to permanently block Patel on Twitter.
...
The manifesto pays homage to the Manifesto of Futurism (1909) by Italian poet Filippo Tommaso Marinetti (18761944), who would go on to co-author the Fascist Manifesto a decade later, which was used to describe the political platform of Benito Mussolini. In one part, Andreessen rewords Marinetti's manifesto[β] in the context of technology, writing "Beauty exists only in struggle. There is no masterpiece that has not an aggressive character. Technology must be a violent assault on the forces of the unknown, to force them to bow before man."[16] Andreessen ends the manifesto with a list of self-declared patron saints of techno-optimism, with Marinetti taking his place alongside philosopher Friedrich Nietzsche, the fictional character of John Galt, and the neo-reactionary philosopher Nick Land, among others
- Wikipedia, with my bolding
Someone who openly admires Italians Futurists who were the backbone of Italian Fascism is not someone who will accept what we consider to be democracy, civil liberties, dues process and other traditional American values.
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Google co-founder leaves California amid billionaire wealth tax [View all]
BumRushDaShow
Wednesday
OP
Corporate law is one of the major things that needs to be re-done if the US is ever
BComplex
Wednesday
#28
We money spending consumers bake the economic cookies, the rich eat most of them and leave us the crumbs. nt
Exp
Wednesday
#7
It's been working out well in Massachusetts, which actually has more millionaires now
TheRickles
Wednesday
#22
True, but they're both aiming for the same redistributive goals, though via different means.
TheRickles
Thursday
#55
Regadless of when he left, if the wealth tax is approved he will have to pay because it is retroactive to 1/1/25 and
in2herbs
Wednesday
#11
The Constitution specifically prohibits states from passing retroactive laws
Jose Garcia
Wednesday
#14
With regards to criminal laws, yes, but not with regards to civil laws. See below:
in2herbs
Wednesday
#33
That makes corporations sound like they are necessarily benefitting their State in kind.
BComplex
Wednesday
#30
The Laffer Curve proposed that lowering taxes creates overall economic prosperity
DBoon
Thursday
#52
I think the oldigarchs addiction to money and power is because they will soon be dead , afraid their power will wane,
in2herbs
Wednesday
#34
Page moved, but the major companies of Alphabet haven't. CA may be a little tax poorer, but not enough to affect
ancianita
Wednesday
#31
The greed and selfishness of these people are beyond belief. Mebbe I'm wrong, but I don't think Larry is going to end up
Fil1957
Wednesday
#40
Page is moving because, after the new tax, he'd ONLY have 256,500,000,000 dollars?
LudwigPastorius
Thursday
#49