California 'Billionaire Tax' Could Target Non-Billionaires

This Billionaire Is Calling Taxes Soviet Oppression

Google cofounder Sergey Brin says he knows what socialism looks like. He was born in Moscow in 1973 and left the Soviet Union with his family at the age of six, an experience he recently invoked to attack California’s proposed tax on billionaires. “I fled socialism with my family in 1979,” he said, warning that he did not want California to “end up in the same place.” He has spent at least $57 million fighting the tax.But Brin is looking at the …

California 'Billionaire Tax' Could Target Non-Billionaires

Last week, the Service Employees International Union (SEIU) announced it had gathered more than 1.5 million signatures—nearly double what it needed—to put a sweeping new wealth tax on California’s November ballot. The initiative is called the 2026 Billionaire Tax Act. The name is designed to make you stop reading. Don’t. SEIU has spent months positioning itself as the champion of nurses, teachers and caregivers. What it has actually done is run …