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Billionaires Battle California Wealth Tax | Durham News
California’s poised for a high-stakes ballot battle over a proposed one-time 5% wealth tax targeting its 200+ billionaires, with funds earmarked for healthcare. While six top names like Larry Page and Sergey Brin have relocated to dodge the levy, the real drama lies in those who stayed—and especially Brin, who’s dumped $100 million into the anti-tax campaign despite his $100 billion net worth. His massive outlay dwarfs union-backed pro-tax efforts, fueling a razor-thin race that could reshape state tax policy nationwide. If passed, this measure might inspire other states to adopt similar…
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