Google co-founder Sergey Brin is continuing his foray into California politics with a newly reported donation to a group fighting against a proposed tax in San Francisco that would hit companies with high-paid executives in the tech hub.
Advocates for the measure have argued it would crack down on wealth inequality by taxing what they view as excessive executive pay, while critics have warned it would cause employers to leave and could cause startups to locate elsewhere.
Brin's contribution comes after the billionaire backed a group called Building a Better California with $57 million earlier this year to help it fight against California's proposed wealth tax on billionaires. He was also among the wealthy residents of California to move their residence and some of their business interests out of the state ahead of the potential effective date for the tax at the start of this year.