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Eric Schmidt To Sell Up To 42% of Stake In Google

Posted by timothy on from the that's-a-lot-of-google dept.

derGoldstein writes "AllThingsD reports that Eric Schmidt 'plans to sell up to 3.2 million shares of his class A common stock in the company,' according to an SEC filing. 'The amount is equal to approximately 42.1 percent of his overall stake in Google.'"

1 of 183 comments (clear)

  1. Taxes aren't the problem either by Anonymous Coward · · Score: 5, Interesting

    In Europe taxes are spent largely on public works, public health, and public services, so taxes are not a net loss for citizens but contribute directly to their welfare and to the smooth running of society for the man in the street.

    The difference in the US isn't so much in the rate of taxation, but what is done with your tax dollars. They're not spent for the social good to any large degree, but fund the huge military complex and benefit the rich more than the poor. (Here the rich pay much more tax than anyone else.)

    The US "misery" problem to which you refer is much more deeply rooted than could be solved by changing the rate of taxation. It can't. Your society is structured to create misery.