Brin Invests $102M Against California Tax

Google co-founder Sergey Brin has contributed $102 million this year to oppose California’s proposed wealth tax on billionaires, which is set for a ballot measure in November. The measure, Proposition 40, would impose a one-time 5% tax on assets of California billionaires to fund healthcare, education, and food assistance. Opposing measures funded by Brin and others aim to block the tax by requiring audits or prohibiting certain taxes, threatening its passage amid opposition from business groups and some political figures.

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