Money & Inheritance·

TAXED OUT OF CALIFORNIA

A prominent Google co-founder reportedly exits California over a proposed 5% wealth tax, igniting debate over who benefited from the state's investment climate and who should bear the bill.

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A Google co-founder is reportedly leaving California over a proposed 5% wealth tax, and the post about it comes out swinging: "I fled socialism."

The accusation lands before the details do. The billionaire in question is said to be worth around $270 billion, and the post frames his exit as a response to a ballot measure that, if passed, would impose a one-time 5% tax on the state's billionaires. The question hanging over the whole thing is blunt: why flee now, and why leave the state that helped build him?

The post does not name the co-founder in the body, but it does make the target clear enough. It says the billionaire is trying to get out ahead of the tax, and calls the move "parasitic behavior." The line is repeated in its rawest form: "Seriously, how is this not parasitic behavior? Or am I the only one who thinks this?"

Then comes the long list of what California supposedly gave back before the billion-dollar breakup. The post points to taxpayer-funded schools and systems that fed the ecosystem behind Google and its founders: the University of California system, the California State University system, the highway system, public research funding, and the web of internet development tied to the UC-Stanford-DARPA world. It also mentions the state's venture capital ecosystem, presenting California not just as a home base, but as the machine that helped make the fortune in the first place.

The post's argument is that the state built the runway, and now the billionaire is leaving before the bill arrives.

It does not stop there. It adds that Mark Zuckerberg is reportedly buying property in Florida to avoid the same tax pressure, widening the frame from one co-founder to a broader billionaire exit strategy. The post ends by saying, "Now they all want to buddy up with politicians who are against this (you know the political party I am referring to)."

That's the whole arc: a proposed tax, a reported multibillionaire departure, a quote about fleeing socialism, and a sharp accusation that the people who benefited most from California are the first to bolt when California asks for a little more back.