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Meanwhile, businessman Tom Steyer, who made a successful bid for California governor earlier this year, is one of the few billionaires who has spoken out., external he would vote for the tax. Steyer said that while he believed the way the measure was written was “problematic,” it was necessary to protect vulnerable Californians.
Huang also expressed support for paying for the performance.
“I’m not worried about paying taxes. The more you make, the more taxes you pay. I’m okay with that,” the Nvidia boss said in an interview with BBC US affiliate CBS. “I’m the ultimate American dream.”
Senator Bernie Sanders of Vermont, a vocal champion of income inequality, campaigned for Prop 40’s support.
While at a rally in Los Angeles, Sanders said billionaires “believe, like the monarchs of the 19th century.
“They have all the wealth, they have all the power, and who the hell do you think you are going to challenge them? Well, I think on November 3rd they’re going to learn a very powerful lesson.”
