Meanwhile, businessman Tom Steyer, who ran an unsuccessful bid for California governor earlier this year, is one of the few billionaires who has said, external he would vote in favour of the tax. Steyer said that although he believed the way the measure was written was “problematic”, it was necessary to protect vulnerable Californians.
Huang, too, has expressed support of paying the levy.
“I don’t mind paying taxes. The more you make, the more taxes you pay. I’m okay with that,” the Nvidia chief said in an interview with the BBC’s US partner CBS. “I am the ultimate American Dream.”
Senator Bernie Sanders of Vermont, a vocal champion against income inequality, has campaigned in support of Prop 40.
While at a Los Angeles rally, Sanders said billionaires “believe, like the monarchs of the 19th Century, that they have a God-given right to rule”.
“They have all the wealth, they got all the power, and who the hell do you think you are challenging them? Well, I think on November 3 they’re going to learn a very powerful lesson.”
