Google co-founder Sergey Brin has now spent $100 million to fight the billionaire tax
TechCrunch·August 10, 2026
Sergey Brin, Google's co-founder, has spent $100 million to oppose California's Prop 40, a proposed tax on billionaires. Prop 40 would impose a one-time 5% tax on the net worth of California's billionaires, aiming to generate significant revenue for the state. Brin's substantial investment in the opposition campaign highlights the strong resistance from wealthy individuals to the proposed tax. The outcome of the vote on Prop 40 will determine whether California's billionaires will be subject to this new tax.
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