r/technology on Sergey Brin's $102 million against California's billionaire tax
Fortune has the spending on both sides; the thread shows how it's landing with readers.
Fortune reports Google cofounder Sergey Brin has given $102 million to a group opposing Proposition 40, a November ballot measure for a one-time 5% tax on California's roughly 200 billionaires, with most of the money going to the state's health care program. Brin could owe about $13 billion if it passes. Opponents have raised more than $187 million and supporters about $32 million. The r/technology thread (about 38,000 upvotes) is overwhelmingly critical of Brin.
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Wealth tax
After exploring Google cofounder Sergey Brin has spent $102 million to fight California's proposed billionaire tax, for how such taxes work, see Wealth tax.
A tax on a person's net worth: cash, real estate, pensions, business ownership and securities, rather than on income.
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