Google co-founder rips California billionaire tax: 'I fled socialism'

Brin is among billionaires who relocated out of the Golden State to avoid the proposed one-time 5% wealth tax


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Google co-founder Sergey Brin slammed the proposed billionaire tax in California, likening it to the socialism that he fled with his family from the former Soviet Union.

Brin is one of the billionaires who relocated out of the Golden State to avoid the potential wealth tax that's expected to appear on California voters' ballots this fall. The proposal would impose a one-time 5% tax on residents whose net worth exceeds $1 billion.

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