A jackass with more money than they can enjoy in life, spending it on making the lives of others more miserable. Classy.
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Wexner straight up said he's Epstein's boy...fuckin get some rope and find a free for this baby eater.
there are no good billionaire. the whole concept of billionaire is utterly antisocial
It's also anti democratic. Giving a few people that much power, is 100% against democratic principles.
It is however perfectly in line with an oligarchy dictatorship.
smells like somebody doesn't want to pay his fair share
And his fair share must be more than $45M or he'd just pay the fucking tax...
His spending 45 million is the equivalent of someone with a net worth of 500,000 spending 75 dollars. It's nothing to him.
This tax is stupid IMO, it shouldn't be one time, but 1% every year.
I'll take the 5% though, better than nothing.
Once upon a time this guy would have paid 94% in federal taxes. The math would have literally worked against him ... he could pay workers more and give them benefits to lose his money or just lost the money in taxes.
This style tax scale is what got one guy elected FOUR TIMES as President of the US.
Yup, the first so much of his earnings would have been lower rates, after the amount surpasses thresholds, the rate increases on that part, reaching 90 some percent on obscene amounts.
They don't take wages now though, they get like stock options, then borrow against their stock holdings, borrowing more to pay off the old, never realizing a gain to pay taxes. As per Propublica's reporting.
I have heard a few people talk sanely about the tax and the more I hear the more ridiculous this one time “fee” sounds.
I heard a far better proposal about closing the tax loopholes they use. Wealthy folks are borrowing tax free against unrealized capital gains. They pay little to no tax on it.
It’s not sexy but it’s a way better solution because not only does it tax the people who need to be taxed, it also begins to help people push back against capital being more powerful than labour.
It’s also far less costly to implement. You borrow against unrealized capital gains to live as if it were income - boom income tax.
Better once than not at all. It doesn't preclude better solutions in the future.
That's probably the only real valid reason to go against it.
Not because it is unfair. But because there's no teeth to it by making it non-recurring.
Dude is worth a quarter of a trillion
He can afford to spend 12.5bn on stopping this before he's losing money
Frankly I'd be campaigning on this if I was an advocating politician of the bill. "He is willing to burn this money rather than pay a fair share into public finances to benefit everyone"
"The $45m he spent to fight this would've allowed us to renovate this school. The $12b he'd owe would let us renovate 100 schools. Or get X thousand of the homeless off the streets. Or fixed 10 million potholes."
Make his name responsible for those things not happening.
Pay $45m. Trying to not be taxed....
45 milly to not pay 12 billy seems reasonable.
The fact that he can afford to do that is the best possible case in favor of that tax.
They'd rather pay to manipulate the tax code than pay taxes.
If they could pay an accountant $50k to avoid $20k in taxes that's a win for them
The fact that he's both willing and able to do this, is the one single biggest argument in favour of abolishing billionaires.
Most billionaires are so anti-tax they would spend their entire fortune to keep from paying taxes.
Because it's not about the money as much as it is the principle of having to follow the same rules as everyone else.

Also want to point out that Anne Wojcicki is founder of 23andMe.

Imagine being so rich that, not only could you drop $45M without even thinking about it, and not only could you just move to a new $42M house without thinking about it, but you would still be worth $235 BILLION after losing 12 billion dollars... and being angry!
All these donations prove they can afford to fucking pay more tax and should shut the fuck up.
A retroactive tax is pretty bullshit.
It being a one time tax with a "if you lived here 1-1-26" is also idiotic. The billionaires wouldn't even pay. It'd just be tied up in courts for like the next 20 years.
Not beginning until you hit a billion dollars is also stupid.
It needs to start at a much lower net worth, be every fucking year, not be retroactive to a single date on the calendar that happened before the vote (cause that really is bullshit to do), and be on some sort of increasing percentage instead of just a flat 5.
Retroactive taxes for the ultra rich make perfect sense. They took advantage of loopholes, they knew it, and if they are held accountable later, that's called justice.
The idea that fucking over society is OK of you do so mostly legally is morally repulsive. We have no obligation to respect shitty gamesmanship.
Financial obesity is an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.
Corporations are the only ‘persons’ which should be subjected to capital punishment, but billionaires should be euthanised through taxation.
Clearly has the money. If he doesn't like it maybe he should move to texas like the other greedy chuds who hate the state they live in.
they should live in texas or florida then.
These people own the government. You can't beat them with politics. They're not going to be brought to heel until they are made to be actively afraid of the working class.
Sad thing is that 45M is probably just chump change to him
Boo! Hiss!
"Don't be evil"
Hmm, I wonder if too much money ruins people's brains, just like doing too much drugs? Or if they are born cunts and liars and then when they become billionaires they stop hiding that.