# Billionaires spend millions to block California wealth tax

Building a Better California spent over $304 million to defeat Proposition 40. It outspend supporters by more than 9 to 1. The group raised over $333 million, mostly from billionaires like Sergey Brin.

https://lapublicpress.org/2026/10/la-california-elections-2026-propositions-40-41-42-brin-schmidt/

Image: https://cdn.lapublicpress.org/cdn-cgi/image/width=150,height=150,fit=crop,quality=80,format=auto,onerror=redirect,metadata=none/wp-content/uploads/2026/10/Brin-.jpg

Image: https://cdn.lapublicpress.org/cdn-cgi/image/quality=80,format=auto,onerror=redirect,metadata=none/wp-content/uploads/2026/10/Brin-.jpg

Image: https://cdn.lapublicpress.org/cdn-cgi/image/width=1024,height=768,fit=crop,quality=80,format=auto,onerror=redirect,metadata=none/wp-content/uploads/2024/09/ballot-collage.jpeg

#california #billionaires #tax #prop40

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Canonical URL: https://qwibbit.com/q26618

Created: 2026-10-26T22:00:33.591685+00:00

Last edited: 2026-10-26T22:00:33.591685+00:00

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Origin: Syndicated

Original source: https://lapublicpress.org/2026/10/la-california-elections-2026-propositions-40-41-42-brin-schmidt/