The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax
Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education Tech billionaires have…
The Guardian reports: Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and education Tech billionaires have been dumping hundreds of millions of dollars into the fight against a wealth tax in California.
They’ve raised more than $340m, and the campaign they’re funding is spending more than $1m a day to defeat the measure, according to state financial disclosures.
This technology story centres on the United States. Names and organisations mentioned in the coverage include California, Prop and Tech.
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Key details
- Location
- United States · Americas
- Reported by
- The Guardian
- First reported
- Key names
- California, Prop, Tech
- Section
- Technology
- Figure cited
- During the first 19 days of September, according to the most recent campaign filings… (The Guardian)
Sources
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