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Eric Schmidt opposes Sergey Brin's $100M backing of California ballot measures

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Former Google CEO Eric Schmidt has voiced frustration over ex-colleague Sergey Brin's political spending. Brin has reportedly contributed $100 million to oppose California's Proposition 40, drawing Schmidt's ire. Schmidt is particularly concerned about Brin's support for ballot initiatives that include a proposed wealth tax on individuals with a net worth exceeding $1 billion. As a billionaire himself, Schmidt is actively working to block the proposed tax targeting ultra-high-net-worth individuals.

Read the full story at Times of India

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Eric Schmidt opposes Sergey Brin's $100M backing of California ballot measures · ShortSingh