Ned Wigglesworth Leads Silicon Valley Billionaires' Anti-Tax Campaign in California
Ned Wigglesworth, a former advocate for campaign finance reform, is now leading 'Building a Better California,' a campaign largely funded by Silicon Valley billionaires to oppose Proposition 40, a proposed ballot initiative in California. Proposition 40 seeks to implement a one-time 5% tax on the total net worth of the state's estimated 200 billionaires. Wigglesworth's group has amassed $150 million, including $102 million from Google co-founder Sergey Brin, to fight this measure. The campaign has devised a strategy involving multiple counter-ballot initiatives, two of which have qualified for the November ballot, and has purchased $87 million in advertising time. This effort has also seen a broader coalition, 'No on 40,' emerge, comprising over 50 labor and teachers unions, medical groups, and housing advocates, which has received a $5 million donation from Building a Better California. This diverse opposition aims to present a blue-collar face against the tax, taking pressure off the billionaires and Gov... 
