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by soganess
59 days ago
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Everyone seems to be objecting to the arithmetic error, but what’s more interesting is the underlying assumption: that “Sergey Brin owes $50B” is so morally dispositive that it would end the argument. Brin is not a sympathetic marginal case. He is the standard: founder equity, $1 salary, unrealized appreciation, deferral, and access to liquidity without needing wage income. It is a little strange to look at a very large tax bill landing at his feet and decide that is where the scandal starts. Is the number supposed to make the idea disqualifying because it is drastically more than most people make in many lifetimes? Said another way, the revealing part is not that someone on the internet multiplied wrong. The revealing part is how quickly the error resolves into a fairness argument on behalf of Sergey Brin, a man whose fortune is almost a laboratory specimen of the thing the regular income tax keeps failing, decade after decade, to reach. |
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Section 50303(c)(3)(C) says "For any interests that confer voting or other direct control rights, the percentage of the business entity owned by the taxpayer shall be presumed to be not less than the taxpayer's percentage of the overall voting or other direct control rights."
Sergey Brin is not 'hoarding' anything. There is not a bank vault of jewels or wheat that the rest of the world is deprived of having. Stock 'wealth' is not a fixed quantity of wealth. To think that divesting people of ownership is egregious and immoral.
You are advocating for laws you do not read, regarding concepts of which you have not read about nor seem to be able to comprehend, and people like that are my enemy.