PoliticsPhoto: Firstpost WorldBillionaire-Backed $330M Campaign Defeats California Wealth Tax
A campaign funded with over $330 million, including more than $100 million from Sergey Brin, successfully defeated California's Proposition 40, the state's first proposed tax on billionaires' net worth. Despite this, over 5 million Californians voted in favor of the measure, showing significant public support for taxing extreme wealth.
Firstpost World··California


