Mmastodon WorldUS Politics first seen 5 h ago, last 5 h ago, peak #11

California voters weigh 5% billionaire wealth tax as balloting begins

Original: "Voting begins Td, the W needs to know what SV billionaires are doing🚨to # sabotage the # BillionaireTax now on the ball

Voting begins in California on a ballot measure imposing a 5% tax on billionaires' wealth to fund healthcare and education. The state's roughly 250 billionaires are reportedly working to defeat it, despite facing long odds against some 20 million voters. Attention is on Silicon Valley figures such as Sergey Brin, whose efforts to sink the tax are being flagged to voters as balloting starts.

Why now: Voting is starting now on a high-profile billionaire tax ballot measure in California, drawing attention to billionaire opposition to it.

CaliforniaSergey BrinSilicon Valley billionaires

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• "Voting begins Td, the W needs to know what SV billionaires are doing🚨to # sabotage the # BillionaireTax now on the ballot in CA. CA’s 250 # billionaires :⚡little chance of winning *20M voters➡️asked to approve a tax of 5% on billionaires’ wealth to fund HC & ed. S Brin, P… · KimPerales@toad.social · 2

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