Sergey Brin fights California billionaire tax; federal proposals target rich

Google co-founder Sergey Brin actively campaigned against California's proposed wealth tax, contributing to its defeat. Meanwhile, Democrats are pushing for increased taxes on billionaires following midterm successes. Several federal proposals aim to raise revenue from the wealthy, including changes to carried-interest taxation and taxes on large trusts. Another proposal targets the 'buy, borrow, die' strategy.