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🇺🇸 JUST IN: Nvidia CEO Jensen Huang says he's fine paying up to $8 BILLION under California's billionaire tax. In a CBS interview, Huang said being able to pay $8 billion over five years is "a privilege and a responsibility," adding that he's "not afraid of paying taxes," only "of becoming poor." The measure is Prop 40, headed to California's November ballot. It would impose a one-time 5% tax on the net worth of roughly 200 billionaires living in the state, payable in full or spread over five years. Backers estimate it would raise about $100 billion for health care, food assistance and education, partly in response to federal Medicaid cuts. Huang has been consistent. Back in January he told Bloomberg he was "perfectly fine" with it, saying "we chose to live in Silicon Valley, and whatever taxes they would like to apply, so be it." Other billionaires are fighting it hard. Google co-founder Sergey Brin has now put over $100 million into the opposition campaign, while Peter Thiel has explored spending more time outside California. Critics argue the tax could push wealth and talent out of the state. Supporters say the ultra-wealthy aren't paying their fair share and the state needs the revenue. One of the world's richest men is volunteering to pay, while others spend nine figures to stop it. #Nvidia #JensenHuang #BillionaireTax #California #Prop40
🇺🇸 JUST IN: Nvidia CEO Jensen Huang says he's fine paying up to $8 BILLION under California's billionaire tax.
In a CBS interview, Huang said being able to pay $8 billion over five years is "a privilege and a responsibility," adding that he's "not afraid of paying taxes," only "of becoming poor."
The measure is Prop 40, headed to California's November ballot. It would impose a one-time 5% tax on the net worth of roughly 200 billionaires living in the state, payable in full or spread over five years. Backers estimate it would raise about $100 billion for health care, food assistance and education, partly in response to federal Medicaid cuts.
Huang has been consistent. Back in January he told Bloomberg he was "perfectly fine" with it, saying "we chose to live in Silicon Valley, and whatever taxes they would like to apply, so be it."
Other billionaires are fighting it hard. Google co-founder Sergey Brin has now put over $100 million into the opposition campaign, while Peter Thiel has explored spending more time outside California. Critics argue the tax could push wealth and talent out of the state. Supporters say the ultra-wealthy aren't paying their fair share and the state needs the revenue.
One of the world's richest men is volunteering to pay, while others spend nine figures to stop it.
#Nvidia #JensenHuang #BillionaireTax #California #Prop40
加州 40 号提案想对 200 位亿万富翁一次性征 5% 财富税,结果税还没开征,人先跑了。拉里·佩奇直接把家族办公室搬出加州,迈阿密 1.73 亿美元两套豪宅拿下——光他一个人,加州就少了近 150 亿美元税基。布林砸 1 亿美元反对,州长都说这会掏空税基。只有黄仁勋淡定:他不搬家。结论很简单:资本永远用脚投票,抢钱的税只能抢到空气。#加州 #财富税 #Prop40
加州 40 号提案想对 200 位亿万富翁一次性征 5% 财富税,结果税还没开征,人先跑了。拉里·佩奇直接把家族办公室搬出加州,迈阿密 1.73 亿美元两套豪宅拿下——光他一个人,加州就少了近 150 亿美元税基。布林砸 1 亿美元反对,州长都说这会掏空税基。只有黄仁勋淡定:他不搬家。结论很简单:资本永远用脚投票,抢钱的税只能抢到空气。#加州 #财富税 #Prop40
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