r/technology • u/Logical_Welder3467 • 18d ago

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

https://fortune.com/article/how-much-has-google-cofounder-sergey-brin-spent-to-oppose-california-billionaire-tax-102-million-owe-13-billion-if-loses/
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u/Fire-Jon-Sumrall 18d ago

Not a Cali resident so I may be out of the loop, but I thought Newsom veto'd this?

4

u/srbeau 17d ago

No, this is a one time wealth tax that is on the ballot in November

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u/k2rey 17d ago

No but he’s against it. Shameful.

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u/dgdio 13d ago

It's dumb on a state level. The Google Founder in question already is a Nevada resident. Guess what, the rich can move. Do this at the federal level on the state level, CA only loses some income tax revenue as the elite leave.

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u/kaiju505 14d ago

Newsom is bought and paid for by the getty oil cartel. Why do you think he would be for a wealth tax?