Sergey Brin’s $102 million helped sink California’s billionaire tax and may block the next one

First reported by TechCrunch at Mon 11:18 PM · 2 outlets in all

1. Fortune(subscription required)8hSergey Brin’s $102 million helped sink California’s billionaire tax and may block the next oneProposition 42, bankrolled largely by Sergey Brin, bars new state taxes on stocks, business stakes and other assets. Critics say it could reach capital gains.
2. TechCrunch35hCalifornia’s proposed ‘billionaire tax’ fails to passCalifornia voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven out wealthy residents or just trimmed their fortunes.