Google founder Sergey Brin’s Coalition gets into action, reserves nearly $87 million of advertising time across California State to show TV ads on …
A coalition of billionaires led by Google co-founder Sergey Brin is reportedly planning a massive campaign to defeat a proposed state wealth tax. The coalition has reserved nearly $87 million in television advertising time across California, as per a report by The New York Times. This signals the start of a ‘battle’ over a November ballot initiative that would slap a one-time tax on California residents with a net worth of $1 billion or more.
The ad campaign is set to kick off next month, and reportedly represents the opening salvo in a political war that has deeply divided Silicon Valley, state lawmakers and labor unions.
