
Garol Rade
995 posts








How the 5% California wealth tax is a 67% wealth tax for Sergey Brin: >Owns 3% of GOOG. >Holds 25.3% of voting rights >Wealth tax is assessed as the greater of his ownership or voting rights. So his tax is 5% * his 25.3% voting ownership = 1.27% of the value of GOOG. >1.27% taxes / 3% ownership looks like a 42.2% wealth tax, but that's not quite right. >He has to pay the wealth tax with after-tax cash proceeds. So he needs to sell enough stock to cover 37.1% in taxes first (23.8% federal and 13.3% state). >His gross stock sale has to be 2.01% of GOOG to cover the wealth tax + federal and state taxes. >His wealth tax bill is thus 67% of his net worth (2.01%/3%) >This for 2026. There are proposals being drafted for a 2028 wealth tax. (I understand that some people see this as a feature)

I think this is worth some nuance. In recent history, many companies have employed 'product designers' whose primary activity and output has been the creation of software interface facsimiles, e.g. mockups in a drawing tool like Figma. Those making mockups have of course been doing more than just that, to varying extents leading or more commonly participating in the process of deciding what to build and why. But there was value in that tangible output itself. I think @gokulr is directionally correct that the role of someone whose primary output is the creating of an interface mockup is quickly disappearing. But the role of someone who figures out what needs to exist, why, how it should work, how it should should be positioned, differentiated and made memorable has never been more in demand. I speak with founders on a near weekly basis (many of them in Gokul's own portfolio) desperate for this kind of person. His conclusions though I agree with almost entirely: there will always be an opportunity to specialize in the creation of visual interfaces, but more broadly most product designers who want to be employees (totally fine) should take on more responsibilities that have historically been done by PMs or Engineers, to varying degrees. From my POV, this is just what a product designer is and what we should have been doing the whole time, but that's another post.

i think a lot of people are going to be busier (and hopefully more fulfilled) than ever, and jobs doomerism is likely long-term wrong. though of course there will be disruption/significant transition as we switch to new jobs, the jobs of the future may look v different, etc.

























