Politics

Sergey Brin Bankrolls Fight Against California Wealth Tax

Liam Sullivan
Senior Staff Writer · 2 weeks ago

Google co-founder Sergey Brin seeded a $25 million war chest and joined a tech-elite campaign to defeat California's proposed 5% billionaire wealth tax.

Sergey Brin Bankrolls Fight Against California Wealth Tax

Silicon Valley opens its checkbook

Google co-founder Sergey Brin has stepped to the front of the campaign to kill California's proposed billionaire wealth tax. According to The San Francisco Standard, Brin seeded a group called Building a Better California with $25 million, money aimed squarely at defeating the SEIU-UHW-backed Billionaire Tax Act - a proposed 5% levy that has rattled the state's wealthiest residents.

The measure would tax a slice of the largest fortunes in a state that is home to a remarkable concentration of them, which helps explain why it has provoked such a forceful response. For someone of Brin's means, the math is not abstract, and his willingness to write an eight-figure check signals just how seriously the Valley's elite are taking the threat.

A coordinated effort behind closed doors

The reporting depicts a fight waged as much in private as in public. The Standard says Brin was part of an encrypted Signal group chat where prominent tech figures coordinated strategy against the tax, turning a policy debate into a high-dollar, behind-the-scenes operation.

And Brin was far from alone. The chat reportedly drew a roster of influential names - Marc Andreessen, Chris Larsen, Garry Tan, and Michael Moritz among them - who strategized together on how to beat the initiative. Their tactics, per The Standard, included:

  • Launching multiple political groups to oppose the measure.
  • Recruiting gubernatorial candidates, among them Matt Mahan and Ethan Agarwal.
  • Trying to outspend the union's signature-collection drive.

The campaign also spilled into the open at times. "Passing this tax will destroy innovation in California," investor Garry Tan said, responding to Rep. Ro Khanna's defense of the measure - a clash that captured the broader argument between the tech world and the tax's backers over what is really at stake for the state's economy.

The measure qualifies anyway

For all the money and coordination, the opposition fell short of its most immediate goal. The Standard reports that the Billionaire Tax Act qualified for the November ballot with nearly double the required signatures, ensuring voters - not donors - will have the final word. The result sets up a costly, high-profile showdown between organized labor and some of the richest people in the country, the kind of fight that tends to attract enormous spending on both sides as election day approaches.

The failure to keep the measure off the ballot also reframes the contest. What began as an effort to quietly smother the initiative now becomes a public campaign for hearts, minds, and votes, with the tech-funded groups likely to pour resources into advertising and persuasion in the months ahead.

A new appetite for state politics

The episode is a vivid illustration of how directly Brin and his peers are now willing to wade into state politics when their personal fortunes are on the line. Tech leaders have long shaped policy through donations and lobbying, but the encrypted coordination and the scale of the spending described here suggest a more hands-on, organized posture.

It also dovetails with a parallel storyline in recent coverage of ultrawealthy Californians, including Brin, reportedly weighing Nevada real estate as part of broader tax planning. Taken together, the threads point to the same conclusion: the wealth-tax debate is reshaping both the checkbooks and, potentially, the zip codes of California's billionaire class - and the November vote will test whether all that money can sway an electorate the donors could not keep off the ballot.

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Sergey BrinProfileSergey BrinGoogle co-founder

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Comments (3)

  • taxtheday1 week ago

    A billionaire spending $25M to avoid a billionaire tax is almost poetic.

  • valley_native6 days ago

    Honestly expected nothing less the moment that proposal went public.

  • Diane F.2 days ago

    This is exactly why these taxes are hard to pass. The people targeted have effectively unlimited resources to fund opposition campaigns, while ordinary voters have no comparable war chest. Whether you support the 5% tax or not, the imbalance in the fight itself is the real story.

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