"The letter from 'Californians to Protect Retirement and Life Savings' was part of a campaign funded by the likes of Google billionaire Sergei Brin, who has put up $45 million so far to trick people into thinking that a tax on wealth of more than $1 billion might impact their far more modest life savings."
"Sacramento politicians are not behind the billionaire tax. That would be a health-care workers union. Most 'Sacramento politicians,' including the governor, oppose the measure."
"More important-far more important-the billionaire tax will not impact the retirement accounts or life savings of anyone other than a tiny, tiny number of Californians. Fewer than 250 people in this state have wealth of more than $1 billion."
A misleading campaign funded by billionaires, including Sergei Brin, claims a proposed billionaire tax threatens modest retirement savings. The campaign targets seniors, suggesting new taxes on personal property and savings accounts. However, the billionaire tax will only affect a minuscule number of Californians, specifically those with over $1 billion in wealth. Most politicians, including the governor, oppose the measure, which is actually supported by a health-care workers union. The narrative presented in the campaign is not reflective of the reality for the vast majority of residents.
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