Sergey Brin Scores Huge Win as Billionaire Tax-Killing Measure Heads to California Ballot
26th June 2026
California’s proposed billionaire tax may be qualified to appear on the ballot this November, but should it get placed, it will have competition with another initiative that if passed would render the tax moot.
A measure to “require audits of programs funded by new state special taxes” qualified for the ballot, the California Secretary of State announced late Tuesday, with more than 962,000 signatures and will be certified June 25th unless withdrawn.
It’s the first to qualify of the multiple ballot proposals backed by Building A Better California, a group where Google co-founder Sergey Brin and other Bay Area tycoons have poured tens of millions of dollars into to fight the billionaire tax.
You want a tax to fund programs for e.g homess people or children? Fine, then make regular audited public reports on how the money is spent. (Politicians recoil like vampires from a cross….)
The controversial billionaire tax is championed by the Service Employees International Union-United Healthcare Workers West (SEIU-UHW) and would levy a one-time 5% tax on the state’s ultra-rich whose assets exceed $1 billion. The goal, supporters say, is to make up for federal healthcare cuts.
Because, as we all know, healthcare is TOTALLY the responsibility of the Federal government—and the Federal taxpayer—or maybe billionaires stupid enough to live in California, we aren’t picky about whose pocket we pick.