Google billionaire invests $100M in California tax dispute

Sergey Brin has spent over $100 million to oppose California’s proposed billionaire tax, which would impose a 5% tax on the net worth of about 200 billionaires in the state, with funds going to healthcare programs. Brin, whose net worth is estimated at $267 billion, made additional donations to groups opposing the measure. Governor Gavin Newsom opposes the tax, advocating for a national billionaire tax instead, while other wealthy individuals are choosing to leave California to avoid it. The proposition is on the ballot in November alongside competing measures.

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