"Brin confronted Newsom about a new proposal to tax billionaires in California, which could hit Brin's stake in Alphabet Inc. and his $272.6 billion fortune."
"Newsom has been very clear with everyone that this effort will do serious damage to the state, including for public safety workers and schools."
"Brin's political push reflects a broader awakening among California's ultrawealthy, drawn into the state's affairs by the proposed billionaire tax."
"Prior to this year, Brin's last contribution in a California election cycle was 2010 when Arnold Schwarzenegger was governor."
California's proposed billionaire tax has led Sergey Brin to exit the state and invest in political efforts against Governor Gavin Newsom. At a Christmas party, Brin confronted Newsom about the tax, which could impact his wealth. Newsom opposes the tax, warning of its potential harm to the state. Brin's departure and political involvement signify a shift among California's wealthy, who are increasingly engaging in state politics, a realm they previously avoided. Brin's last political contribution in California was in 2010.
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