(no title)
lapcat | 4 days ago
> All of which pay taxes
I think not.
> It's short-sighted to think Page doesn't pay taxes nor contribute to California in significant, meaningful ways.
Provide documentation and numbers, otherwise this alleged "significant" contribution is just hand-waving.
> generations of extracting value from the Page family
If Larry can just up and leave now, on very short notice, then there's absolutely zero guarantee of any future "generations" of value.
> I get it's fashionable to hate on billionaires right now
Fashionable? Why do you think it's fashionable now? For no reason?
> California should be encouraging people like Page to move here
It's a total perversion of the fundamental idea of capitalism that governments are competing for companies and wealthy people. That's not how capitalist competition is supposed to work.
> What about the "Next Google"? Will it's founders even start a business in California?
Larry and Sergey met at Stanford as students. They didn't choose a state because of tax policy.
Let me offer a public benefit to driving away the billionaires who refuse to pay higher taxes: less local spending on politicians, i.e., corruption.
kcplate|3 days ago
Last I heard Google employs around 70k people just in California and that has its genesis in Page and Brin inventing something. Thats pretty damn significant. Those people pay taxes, give to charities, etc…
> It's a total perversion of the fundamental idea of capitalism that governments are competing for companies and wealthy people. That's not how capitalist competition is supposed to work.
Exactly what authority or controlling doctrine are you appealing to here? Of course regional governments are going to try and attract local investment.
lapcat|2 days ago
So is your view is that a bunch of people much less wealthy than Larry Page paying taxes and giving to charities is equivalent to Larry Page paying taxes and giving to charities???
In other words, rich people don't have to pay taxes as long as their employees do? Bizarre.
And again, Page is not even involved much anymore in Google, which was founded in 1998. Does he for some reason get a free pass on taxes forever, because he did something in the 20th century?
> Exactly what authority or controlling doctrine are you appealing to here?
I'm appealing to economic theory, which posits the benefits of sellers competing with each other for consumers in a free market. It does not posit the benefits of governments competing with each other for sellers, and in fact that grossly distorts the market.