Legal Hunt

Follow us for legal stories, everyday tips, and clear insights in plain English. 🇺🇸

Free tool 👉

[Legal Hunt @LegalHuntAI]

@TrungTPhan bruh

[ULTRA🛸BLAST @ultrakillblast]

Happy Mother's Day

[Legal Hunt @LegalHuntAI]

@drjmaj @teekohteps What is wrong with running boards on a Cybertruck?

[Legal Hunt @LegalHuntAI]

@teekohteps I get flipped off at least every other day. I stopped paying attention after.

[Legal Hunt @LegalHuntAI]

@MagneticNorse

[Legal Hunt @LegalHuntAI]

@thecyberfam We experienced that. Tesla took care of it.

[Legal Hunt @LegalHuntAI]

@cybertruck @greggertruck 😂

[Legal Hunt @LegalHuntAI]

@B_doong2daddy

[Legal Hunt @LegalHuntAI]

@F1aha15d Could have exited through the sunroof

[Legal Hunt @LegalHuntAI]

@thecyberfam Wheels looks nice without the hub

[Legal Hunt @LegalHuntAI]

@ceddiexilin @Brand @zerohedge 🤣 🤣 🤣

[Legal Hunt @LegalHuntAI]

@otokyo Collect the flutes 🪈 in Super Mario Bros. 3

[Legal Hunt @LegalHuntAI]

@ryolu_ 🤯

[Legal Hunt @LegalHuntAI]

@unlimited_ls I wonder if he could have dodged some of the injuries by swinging back and forth. Not saying he could think in that scenario but just thinking after the fact.

[Anthropic @AnthropicAI]

A statement from Anthropic CEO, Dario Amodei, on our discussions with the Department of War.

https://t.co/rM77LJejuk

[Legal Hunt @LegalHuntAI]

@JosephJacks_ His bodyguard is jacked

[Legal Hunt @LegalHuntAI]

@erick_miller Very nice. I’m sold.

[Legal Hunt @LegalHuntAI]

@stuffyokodraws 🤣 🤣 🤣 🥕 on a stick

[Legal Hunt @LegalHuntAI]

@SpaceX

[Garry Tan @garrytan]

Larry and Sergey can’t stay in California since the wealth tax as written would confiscate 50% of their Alphabet shares.

Each own ~3% of Alphabet's stock, worth about $120 billion each at today's ~$4 trillion market cap.

But because their shares have 10x voting power, the SEIU-UHW California billionaire tax would treat them as owning 30% of Alphabet (3% × 10 = 30%). That means each founder's taxable wealth would be $1.2 trillion.

A 5% wealth tax on $1.2 trillion = $60 billion tax bill, each.

That's 50% of their actual Alphabet holdings—wiped out by a "5%" tax.

Section 50303(c)(3)(C) of the 2026 Billionaire Tax Act states: "For any interests that confer voting or other direct control rights, the percentage of the business entity owned by the taxpayer shall be presumed to be not less than the taxpayer's percentage of the overall voting or other direct control rights."

This means if a founder holds shares representing only 3% of economic interest but 30% of voting control (through Class B supervoting shares), the tax would presume their ownership stake is at least 30% for valuation purposes, not 3%.

The wealth tax is poorly defined and designed to drive tech innovation out of California.