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Sergey Brin Spends $100 Million to Oppose 5% Billionaire Tax

Amanda Silberling, TechCrunch:

Google co-founder Sergey Brin has donated another $20 million to Build a Better California, an organization advocating against California’s proposed billionaire tax, according to a new filing. That means that the world’s fourth-richest man, whose net worth hovers around $267 billion, has now spent more than $100 million to avoid an estimated $13.3 billion tax payment.

I’ve ranted (and ranted) about the absurdity of centibillionaires crying over a one-time 5% wealth tax—an amount that would have no material effect on them. On the other hand, saving $13.3 billion allows Brin to buy three more $450 million megayachts and cover each of their annual $40 million expenses for about, oh, 100 years.

This is why Brin’s a brilliant billionaire businessman and I’m not.

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