Sergey Brin Spends $100 Million to Fight California's Proposed Billionaire Tax, Could Owe $13 Billion

Summary

Google co-founder Sergey Brin has spent over $100 million to oppose California's proposed wealth tax, Proposition 40, which could require him to pay $13 billion. The ballot measure, set for November, aims to impose a 5% tax on the state's 200 billionaires to fund healthcare and education, but faces strong opposition from wealthy individuals and Governor Gavin Newsom.