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Google cofounders Sergey Brin and Larry Page moved an LLC out of California ahead of proposed billionaire's tax
(www.businessinsider.com)
this post was submitted on 10 Jan 2026
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That's still a positive for the average resident of CA as it costs a lot to provide all the favors billionaires demand.
This is what I didn't understand before, about the "they will just leave" argument.
I understand now that their leaving is part of the value. Ultra rich people unwilling to pay their fair share of taxes are a burden on a community in many other ways. Good riddance.
But the billionaires aren't leaving. Their taxes are.
They should be forced to pay tax where they live, not just where their LLCs are.