Google Billionaire Battles Bernie Sanders’ 'Most Important Ballot Measure'
Summary
Sergey Brin, co-founder of Google, has donated more than $100 million to oppose California’s Proposition 40, a one-time 5% tax on billionaires' wealth. He recently changed his residency to Nevada, which may affect whether the tax applies to him, but experts say this may not be enough to avoid the tax.Key Facts
- Sergey Brin is the largest individual donor to a California ballot measure campaign, funding efforts against Proposition 40.
- Proposition 40 would impose a one-time 5% tax on billionaires who lived in California on January 1, 2026.
- The tax measure is supported by Senator Bernie Sanders and is called the "most important ballot measure in America" by him.
- Brin changed his residency to Nevada and registered to vote there in December 2025 after buying a $42 million home.
- Analysts estimate Proposition 40 could cost Brin about $13 billion if it passes.
- The vote on Proposition 40 is close, with polls showing it near a tie just before the November 3 election.
- California Governor Gavin Newsom opposes the measure, causing divisions within the Democratic Party.
- Tax experts say Brin’s move to Nevada might not exempt him from the tax, based on previous legal cases about residency and taxes.
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