Mark Zuckerberg Threatened to Leave California. Meta's Board Cut Him a Deal

Posted by otterley 1 hour ago

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Comments

Comment by otterley 1 hour ago

Comment by fcq 58 minutes ago

Thank you, kind stranger...

Comment by ssttoo 37 minutes ago

I don’t get the threat from folks like Zuckerberg and Brin. First of all these feel like empty posturing. But if they are not, what if they do leave CA? And even if (however unlikely) they take the HQs with them? What does CA lose? It’s not like these folks and companies are paying their share anyway. What am I missing?

Comment by jmathai 30 minutes ago

If the HQs move then along with them moves the high paying jobs and retail, housing, etc taxes also go. Rank and file employees at Meta can't dodge taxes as efficiently as their CEO.

Comment by lrvick 15 minutes ago

So New Mexico hits Meta with record fins and settlements for knowingly violating privacy rights, and endangering children and for repeatedly lying about it.

Meanwhile in California we are doing anything we can to keep him here even fully knowing he is one of the most evil and hated people on earth. That checks out.

Comment by measurablefunc 1 hour ago

National wealth tax fixes this problem b/c then they'd have to leave the country entirely & there is nowhere they can go.

Comment by credit_guy 56 minutes ago

The point of this move is that they actually wouldn’t have to leave the country.

Comment by roosterIllusi0n 49 minutes ago

They would not leave, they cannot leave and still grift. The US's lack of regulations and tax enforcement is how they all get rich.

This is just more fraud by boards controlled by CEOs. The CEO screws up his personal finances despite being a billionaire and now we steal from all existing shareholders to fund the entire tax bill. This is just fraud out in the open. They take tax free bank loans against their stock to avoid selling it and any time they screw this scheme up, boards seem to automatically give them more free stock to fully cover taxes or losses while they keep the tax free loan money. It's insane.

We used to stop this in the 1950s with a 90% federal income tax bracket and post-1929 financial regulations. Republicans cut both over decades and now we are back to the late 1920s waiting for the next great depression to officially start. Everything we did to end the great depression was undone, so we are back to a new great depression.

Comment by Finnucane 1 hour ago

"Argentina?"

Comment by measurablefunc 1 hour ago

I guess Peter Thiel already has a compound there but I'm not sure if they would all get along.