poor Cracker boy from Polk County Florida. All I can afford is a 18 ft bass fishing boat.

my boat is a 20 year old 16 foot tin. And I have a 7 figure net worth. I feel very happy to have that boat. I don't care what anyone else has. Mine was paid for in cash and gets me out on the water. Enjoy your bass boat, they are great fun!

Folded into a boat shape

I find that obscene. Nobody should have that kind of money.

How much good would $300 million do for this country instead of being used for a billionaire's ostentatious plaything?

could be used to pay the salaries of the 1400 employees he laid off. I only hear complaints about Facebook/Meta's horrible customer service (or NO customer service), but he just keeps laying people off?

Yeah, I think Zuck has jumped the shark.

What should the country do? Seize and sell the boat? That will yield enough to hand out 90¢ to every man, woman, and child in the USA minus distribution costs.

I’m sure that will pull a lot of votes our way, right?

We’ll have to be more inventive in financing the nation than just enacting a few feel-good jealousy taxes that won’t benefit anyone except those collecting them (if their skimming skills are up to it).

that is 0.018% of Meta's workforce.

person (which was part of the 8,000 lay-offs) cohort, just that is around 1.8 per cent of the 78,000 prior total, not the 0.018% of Meta's workforce you stated. 0.018 percent of 78,000 is 14.

Cheers

Cel

the 1,400 employees mentioned in this specific article, so my math is 100% correct. Thanks.

we an raise those "feel good jealous ytaes"so that this time next year, he has lesscash to bu the bigger boat, and you know he is alreaydplanning on that, or a space yacht. off couse, if we really had courage,, we can help those famrer whose wter has been sucked dry by his data centers, but help poor people, nah.

This data is eight-and-a-half years old, but still. From the Institute on Taxation and Economic Policy:

Fact Sheet: Facebook and Tax Avoidance
November 5, 2017

Since Facebook became a public company, its annual revenues have increased by 250 percent from around $8 billion in 2013 to nearly $28 billion last year. In the same time period, the company’s before-tax profits shot up four-and-a-half fold to $12.5 billion. But in this time it has also managed to avoid billions of dollars in U.S. taxes.

Over eight years, Facebook paid less than half the statutory corporate tax rate.

Between 2010 and 2015, Facebook had pre-tax U.S. profits of $14.8 billion, on which it paid 16.5 percent in U.S. taxes—less than half the official U.S. corporate tax rate. And in three of these years, Facebook paid no taxes at all to the United States Treasury.

One tax loophole that Facebook has led the pack in exploiting is the “stock option loophole.” Facebook and other big corporations often compensate their executives with stock options (options to purchase shares of company stock at a discounted rate). When those options are exercised, the company is allowed to deduct from its taxable income the difference between the value of the shares and what the employee pays for the stock, even though the company doesn’t have to spend anything to provide the stock option to its executives. Between 2010 and 2015, Facebook saved $5.8 billion in taxes through the stock option loophole. This means that American taxpayers have subsidized massive compensation packages for Mark Zuckerberg and Facebook’s other executives.

Facebook also likely has avoided U.S. taxes by claiming that $2.9 billion of the company’s profits were earned offshore, and are “permanently reinvested” outside the United States. Some fraction of the company’s offshore profits may reside in Facebook’s subsidiaries in known foreign tax havens such as Ireland and Singapore.

This is in my former neighborhood. I used to come home from work, change my shoes, and walk down to the locks to watch the boats and the salmon in the fish ladder. The best boat day was the one when a flotilla of tall-masted sailing ships came through the locks from all over the world.

This type of flagrant display is getting waaayyy out of hand. How long can it last before the blades are sharpened?

He might as well put a huge sign on his yacht saying, "What are you going to do about it?" There could be a maniacal cartoon villain laugh as well.

The kind that the Ukrainians are allegedly using to take out Russian naval vessels.

And people wonder why is America falling behind?

until we put an end to this nonsense.

The easiest place to start would be elimination of the cap on social security contributions. Others have proposed various types of wealth taxes.

billionaires.

Now, you are nowhere on the Croesus List unless you have your own space program.

What a patriotic American. Tax billionaires!

I am certain I pay more taxes for my 14 foot Jon boat with a 15 horsepower outboard Johnson.

you mean equity. It's Diversity, Equity and Inclusion

Brain fart, I know that. Embarrassing. 🫣
I am certain I have caught more fish on the Jon boat though. Well worth the taxes for the meals I have gotten.

There is never enough for those with the more pathology

National parks charge fees. Locks are federal. And cost a bunch to operate. So charge a mega yacht fee.

Can't say I wouldn't take it if it was in my world of possibilities. Freaking beautiful!!!

Fun fact after the 2016 election Facebook changed its name to Meta because they knowingly helped
to disseminate Russia misinformation. Facebook also paid a $5 billion dollar fine too.