Sergey Brin leads $102M donor effort against California wealth tax proposal
Google co-founder Sergey Brin has contributed $102 million to oppose a wealth tax measure on California's upcoming ballot. The proposal could impose a 5% tax on billionaires' assets. Other prominent figures, including Eric Schmidt and Peter Thiel, are also funding opposition to the tax. Governor Gavin Newsom has expressed concerns that the tax could negatively affect the state's economy and public services.
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