Google cofounder Sergey Brin has spent $102 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses

[u/Logical_Welder3467]

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

[u/Electrical-Tie-5158]

Every citizen should be limited to $5k in annual political donations. It’s ridiculous that billionaires can spend a medium-size fortune to campaign against policies that would cost them a big fortune. In Texas, Ken Paxton is getting over $100m just from Musk. There is zero incentive to fundraise from regular people.

[u/Appropriate_Luck_658 → u/Electrical-Tie-5158]

Every citizen should be limited to $5k in annual political donations.

This is still pretty insane.

[u/akc250 → u/Electrical-Tie-5158]

Good luck getting the people who make the laws who also benefit from bribes to ever support such a change.

[u/DruggistJames → u/Electrical-Tie-5158]

Elimination of campaign contribution limits is why we are here.