Tech billionaires spend $340 million fighting California's 5% wealth tax
Tech billionaires have raised over $340 million to defeat California's Proposition 40, a one-time 5% wealth tax on billionaires set for November's election. The opposition campaign spends more than $1 million daily fighting the measure, with Google co-founder Sergey Brin contributing at least $102 million.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 16 Oct 2026, 13:00 UTC · Updated 16 Oct 2026, 13:30 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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