Billionaire Dispute Erupts Over Wealth Tax

A dispute has emerged within Sergey Brin’s political operation, Building a Better California, over its efforts to oppose the proposed California wealth tax. Key donors, including ex-Google CEO Eric Schmidt, have expressed frustration after the California Democratic Party endorsed the billionaire tax and opposed related countermeasures backed by the coalition. The group has raised over $118 million, primarily from Brin, and is supporting multiple propositions, including environmental reforms and tax measures, which has caused internal disagreements and concern about mission drift. With significant advertising commitments and internal conflicts, the coalition’s focus on defeating the billionaire tax faces challenges from shifting priorities and opposition from key political figures.

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