World · 12 August 2026

Sergey Brin spent $102 million opposing California's proposed 5% wealth tax

Sergey Brin, a Google co-founder, has significantly funded a group opposing a new tax on billionaires in California. Proposition 40, a proposed tax, would impose a 5% levy on billionaires' wealth, with proceeds for healthcare and education. However, Propositions 41 and 42 could override it if they receive more votes in November.

By BriefTea Editorial · 12 August 2026 at 14:59

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