{"id":133,"date":"2026-05-21T19:08:36","date_gmt":"2026-05-21T19:08:36","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=133"},"modified":"2026-05-21T19:08:36","modified_gmt":"2026-05-21T19:08:36","slug":"sergey-brin-funds-opposition-to-san-francisco-overpaid-ceo-tax","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=133","title":{"rendered":"Sergey Brin funds opposition to San Francisco \u2018overpaid\u2019 CEO tax"},"content":{"rendered":"<div>\n<div>\n<p><strong>By Biz Carson, Bloomberg<\/strong><\/p>\n<p>Google co-founder Sergey Brin is continuing to push deeper into California politics by donating to a group that opposes a proposed tax hike on businesses with highly-paid executives in San Francisco.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=131\">Meta settles school suit over social media addiction, averting first trial<\/a><\/p>\n<p>The $500,000 check is a paltry sum for one of the world\u2019s richest people with a net worth of $304.5 billion, according to the Bloomberg Billionaires Index. But it signals Brin\u2019s desires to shape the state beyond fighting a proposed tax on billionaires and is an early foray into city-level politics.<\/p>\n<p><strong>RELATED:\u00a0Sergey Brin confronted Gavin Newsom at a treehouse party \u2014 then launched a political war<\/strong><\/p>\n<p>The donation, reported in a filing on Wednesday, is to oppose a proposal that would levy a higher tax on companies that have \u201coverpaid\u201d chief executives that\u2019s being put before San Francisco voters in June. The union-backed proposal would impose an eight-fold increase to a gross-receipts tax on any large company doing business in San Francisco where the highest paid executive earns 100 times or more than their median employee.<\/p>\n<p>The measure could generate additional revenue of $250 million to $300 million to the city, according to the city controller\u2019s analysis.<\/p>\n<p>It has met opposition from deep-pocketed billionaires like Ripple Labs\u2019 Chris Larsen who warn it could drive companies out of the city and undo efforts to make it more business-friendly.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=129\">This is the creepiest strip mall in San Jose, according to \u2018Backrooms\u2019<\/a><\/p>\n<p>Brin so far has spent more than $60 million in state politics this year and has been instrumental in rallying a cohort of like-minded tech billionaires.<\/p>\n<div>\n<\/div>\n<p><strong>REALTED:\u00a0The billionaires telling other billionaires to shut up and pay their taxes<\/strong><\/p>\n<p>Ultrawealthy donors have spent more than $270 million into state\u2019s politics this election cycle, according to a Bloomberg analysis. Brin recently started a new nonprofit, Compass4, to direct some of his giving. The $500,000 donation against the San Francisco ballot item came through that organization, according to the filing.<\/p>\n<p>A representative for Brin did not respond to a request for comment.<\/p>\n<p>While much of Brin\u2019s money has been directed to measures to counter a proposed billionaires\u2019 tax, the state \u201chas some very systemic issues\u201d that aren\u2019t about one tax or particular person, he told Bloomberg on the sidelines of the Met Gala earlier in May. Living in Nevada with his girlfriend since buying a new lakeside mansion, Brin said they\u2019re now \u201cpretty happy where we are.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=127\">Northern California\u2019s largest anime convention coming to Bay Area<\/a><\/p>\n<div>\n<\/div>\n<p>\u2013With assistance from Eliyahu Kamisher.<\/p>\n<p>More stories like this are available on bloomberg.com<\/p>\n<p>\u00a92026 Bloomberg L.P.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The $500,000 check signals Brin\u2019s desires to shape the state beyond fighting a proposed tax on billionaires and is an early foray into city-level politics.<\/p>\n","protected":false},"author":1,"featured_media":132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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