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Billionaires open the purse to fight California wealth tax

A group funded by Google co-founder Sergey Brin and other billionaires gave $5 million to a group opposing Proposition 40.

Cali Reporter staff · August 18, 2026
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Billionaires open the purse to fight California wealth tax
Billionaires open the purse to fight California wealth tax

A group funded by Google co-founder Sergey Brin and other billionaires gave $5 million to a group opposing Proposition 40. What it means for the fight over the proposed California billionaire tax.

Original reporting: LA Times, California.

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