finance
El Sudcaliforniano
2026-10-19
California voters to weigh 5% tax on ultra-wealthy tech moguls
Voters in California will decide on a proposed five percent tax targeting billionaires, a measure fiercely opposed by tech giants like Google co-founder Sergey Brin and PayPal co-founder Peter Thiel. Billionaires are heavily funding opposition groups to defeat the ballot initiative.