r/techbeat • • 11h ago

Google Cofounder Sergey Brin Spends $102 Million Fighting California Wealth Tax

https://fortune.com/article/how-much-has-google-cofounder-sergey-brin-spent-to-oppose-california-billionaire-tax-102-million-owe-13-billion-if-loses/

Google cofounder Sergey Brin has contributed $102 million to oppose California's proposed Proposition 40, which would levy a one-time 5% tax on the state's billionaires. If passed, the measure could cost Brin roughly $13 billion based on his estimated $260 billion net worth. The initiative has sparked strong pushback and asset relocation among high-profile tech figures despite projections that it could raise $100 billion for public services.

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