Only 6 billionaires left California over its proposed wealth tax — but they took $27 billion in potential revenue with them

Only 6 billionaires left California over its proposed wealth tax — but they took $27 billion in potential revenue with them

Larry Page and Sergey Brin alone account for $25 billion of that lost revenue—and billionaires are now funding a campaign to kill the tax entirely.

Billionaires Fund Ballot Campaign to Block California Wealth Tax

A group of tech leaders has put $35 million into initiatives aimed at stopping or weakening a proposed 5 percent tax on residents with more than $1 billion in wealth.