World News

Tech’s biggest names sunk a tax on billionaires’ wealth with $425m and a familiar playbook

Source: World news | The Guardian · Published

Tech’s biggest names sunk a tax on billionaires’ wealth with $425m and a familiar playbook
Source: World news | The Guardian

California saw the most expensive opposition campaign in its history as funding of political campaigns broke records in the US midterms In the hours after polls closed on election day, tech industry players began praising Sergey Brin, the co-founder of Google, on social media. “H

California saw the most expensive opposition campaign in its history as funding of political campaigns broke records in the US midterms In the hours after polls closed on election day, tech industry players began praising Sergey Brin, the co-founder of Google, on social media. “Huge thanks to Sergey Brin here,” wrote Garry Tan, the CEO of Y Combinator. Venture capitalist Ilya Sukhar posted : “God bless Sergey Brin.” And David Marcus, a crypto entrepreneur, simply wrote : “Hero.” Continue reading...

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California voters reject billionaire tax
World News

California voters reject billionaire tax

The proposed measure would have imposed a one-time 5 percent tax on Californian billionaires to fund healthcare.

Al Jazeera – Breaking News, World News and Video from Al Jazeera ·

California’s proposed ‘billionaire tax’ fails to pass
Technology & AI

California’s proposed ‘billionaire tax’ fails to pass

California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven ou

TechCrunch ·