ChipsFortuneabout 2 hours ago
Billionaires fund fight against California wealth tax
4 min read
Peter Thiel, Chris Larsen, Sergey Brin, and John Doerr donated millions to PACs opposing California's Proposition 40, a one-time 5% wealth tax on billionaires. Larsen and Ripple Labs each gave $5 million to Golden State Promise. The tax would raise $100 billion over five years if passed.
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