6 Nobel economics laureates back California billionaire tax, Ripple's Larsen opposes
- —The tax would affect about 250 California billionaires and raise roughly $100B
- —Larsen contributed $5M to Golden State Promise and $10M to Building a Better California
- —Sergey Brin spent up to $102M against the tax, John Doerr — $7.5M
- —The wealth of the top 0.001% of Californians grew from $700B to $2.3T over 10 years
Why it matters: The November 3 vote will show whether voters back a tax on crypto and tech wealth, potentially setting a trend for other states.
Source: BeInCrypto PL