This is an insanely important development: Mark Zuckerberg and Meta are preparing to restructure the company so that Zuckerberg can pay the 5% one-time wealth tax he would owe if the billionaire tax passes in November.
He has said he would leave the state. He obviously was bluffing. That's $10 billion to California's education and health system. Just from him. Jensen Huang has also said he'd stay, that's another roughly $10 billion.
To be sure, some small number of billionaires will leave California, but most won't. What this also shows if that it is done on a national level, billionaires will fight it, but will ultimately fall in line.
Replying to @gabriel_zucman
Second — and that’s where things get extremely interesting.
Proposition 40 — the proposed one-time 5% wealth tax on California billionaires — is mentioned no fewer than 25 times in the SEC document.
@Meta explicitly states that one purpose of its new stock issuance is to allow Mark Zuckerberg to pay the billionaire wealth tax.
“… so that he may pay his potential tax liability under California Proposition 40, if enacted into law.”
Here’s how it will work.
El-Sayed: Trump’s neat trick is to become the subject of every conversation and to force people to take sides. And here’s the thing about it: once you take sides, he’s forcing you to double down on crazier and crazier stuff. And soon enough, you’re out here signing on to a bunch of things that, like three years ago, you’re like, “That’s insane.”
But here’s the problem: you don’t want to have to face down that one friend who’s going to tell you, “I told you so.”
And so what happens is that you keep doubling down on the craziest stuff. And you find yourself so far gone up that tree that there’s no way you can climb down. We’ve got to help those folks. Because guess what? They’re paying for $5 gas too. They’re paying insane diesel prices too. They can’t see a doctor either
Michelle Reyf 🔥 retweeted
A one-time 5% wealth tax would bring Silicon Valley’s billionaires’ wealth back to where it was just 31 days ago, on September 7.
When it was "just" 178% higher than on January 1, 2023.
They’d rather let 3 million people lose their health insurance than let that happen.
a kicker that stops you in your tracks
"They buried Pierre Damas Bel on Saturday. That night, Donald Trump came to town to take a victory lap on the policies that killed him."
@EggerDC on a death, a funeral, and a MAGA rally down the block.
thebulwark.com/p/a-death-a-f…
Michelle Reyf 🔥 retweeted
Tim Snyder: The term that I came up with… is superpower suicide. I just can’t see an example of a major country losing so much power so quickly as the United States under Trump.
We’ve encouraged our enemies and we’ve made our allies not trust us.
Michelle Reyf 🔥 retweeted
Wonderful to see the great Avi Shlaim on Piers Morgan. The @BBC of course, shamefully, never platforms our greatest Middle East scholar
Michelle Reyf 🔥 retweeted
Let’s go! 642 and counting. Join MI Jews for Democracy and show the strength of our movement against Mike Rogers and his far-right, MAGA agenda. Not to mention, our excitement FOR @AbdulElSayed and FOR the values Jewish voters hold dear!
mijewsfordemocracy.org
Michelle Reyf 🔥 retweeted
Interesting data point on the trajectory of the working-class realignment from the new Times/Siena poll.
Michelle Reyf 🔥 retweeted
Rosie O'Donnell: "I just want to say something. 655,000 Iraqi civilians are dead. Who are the terrorists?"
Michelle Reyf 🔥 retweeted
1. A new Popular Information investigation reveals that Senate Republicans have recently launched at least six fake news sites in key states.
Michelle Reyf 🔥 retweeted
MIT published a brutally honest report on what AI is doing to students.
A committee of professors and students spent five months studying how AI changed learning on campus, and the findings read like a warning to every university on the planet.
Study groups are disappearing. Office hours are emptying out. Problem sets and take-home exams no longer prove anything, because AI can produce credible solutions to almost any written assignment in the undergraduate curriculum. Students who lean on chatbots lose mastery and confidence, and some slip into what the report calls cognitive surrender, reaching for AI at the first hint of struggle.
The numbers are rough. 46 percent of surveyed MIT undergrads use LLMs daily. 90 percent worry about their own overreliance. Undergrads who feel AI makes them replaceable now outnumber those who feel it makes them capable.
The committee's answer surprised me. They refused to fight AI with surveillance. The report calls AI detectors unreliable, says lockdown browsers feel like spying, and warns that policing students builds a classroom atmosphere of mutual distrust.
Instead, MIT wants to rebuild education around the things AI can't replace. That means oral exams, semester portfolios, in-person project work, and a required social component in every subject. The report even floats the idea of rethinking grades entirely, since without a GPA to optimize, much of the incentive to cheat with AI evaporates.
The committee warns professors against replacing undergrad research assistants with AI agents just because they're cheaper, because a university exists to grow people, not output.
The most famous tech school on earth admitted the machines broke its way of teaching. Its answer is more humans, not more software.
Michelle Reyf 🔥 retweeted
Moody’s now estimating the cost of the Iran war has been $1650 per household - equivalent to $215 billion. Free college nationwide is estimated at $70 billion
Trump says the Iran war is worth the price. The bill keeps growing. dlvr.it/TVQYRZ
Michelle Reyf 🔥 retweeted
Rudy Giuliani told Mamdani to stay away from the 9/11 memorial.
The next day, Mamdani released 170,000 pages revealing what Giuliani’s City Hall knew about the toxic air at Ground Zero and what New Yorkers were told.
Giuliani told him to stay away. Mamdani showed up with receipts.
MAMDANI is asked whether Rudy Giuliani lied about toxic air after 9/11 and should stay away from Friday’s memorial:
“The focus should be on the New Yorkers who were killed, their families, survivors and first responders. It should not be on politicians.”
“I leave it to New Yorkers to make their judgments. We are finally giving them the documents they have long demanded.”
Or you could get behind @BernieSanders & my 5% tax on 989 billionaires NOW which gives $12,000 to American families of four.
Michelle Reyf 🔥 retweeted
.@NYCMayor: "25 years later, more people have died from 9/11-related illnesses than were killed on the day itself. People got sick because the leaders they trusted lied and told them that they were safe to breathe in toxic air."
I am very proud to work at City Hall today.









































