Google founder backs both Republican and Democrat in governor’s race while ex-CEO fights billionaire tax
Tech billionaires are adding to their already huge spending spree on California politics as campaigns for governor and a proposed wealth tax heat up.
According to recently released campaign finance disclosures, big names pouring millions into state politics include current and former chief executives from Google, DoorDash, Reddit, LinkedIn and Facebook – evidence of Silicon Valley’s increasing involvement in politics.
Google’s former CEO Eric Schmidt has become a major donor, contributing $1.04m to an independent committee, the California Business Roundtable, that is campaigning against the proposed Billionaire Tax Act, according to new filings released by the state government. The union-backed tax proposal, opposed by almost all of the state’s mega-rich, aims to help cover education, food assistance and healthcare programs.
They’ve spent more money on fighting an increase on billionaire taxes then the amount they would actually pay in taxes… 🙃
It’s not the tax they fear, it’s the precedent.
Cali really needs to fix their primary…
“Top Two” just blocks progressives. The oligarchs always pick a Republican and a neoliberal and give a shit ton to both to ensure come general, those are the only two options.
A separate primary for Ds and Rs would let a progressive make it to the general, and then easily beat any Republican in the general when the masses vote.
Cali is up there with NY as the worst Dem party tho, so it’ll be a hard fight if they ever fix it.
