Eric Schmidt clashes with Sergey Brin as California wealth tax fight veers off course

Eric Schmidt clashes with Sergey Brin as California wealth tax fight veers off course

As California's proposed wealth tax moves forward, the anti-tax campaign funded by several of Silicon Valley's richest figures is beginning to show signs of internal strain. Those tensions revolve around Google co-founder Sergey Brin's more than $100 million commitment to the effort — and former Google CEO Eric Schmidt's growing dissatisfaction with how Brin's political operation is deploying that money, the New York Post reported. Here's what t…

Eric Schmidt Questions Sergey Brin’s Building A Better California Strategy

A growing disagreement among some of Silicon Valley’s billionaires is exposing tensions inside a major campaign over California’s proposed billionaire wealth tax. At the center are Google‘s former CEO Eric Schmidt and Google co-founder Sergey Brin. Schmidt recently donated $3 million to Brin’s Building A Better California. However, he is now reportedly frustrated after the group suffered a setback with California Democrats while expanding its fo…