Ballmer has broken his piggy bank to spend $100,000 in a bid to defeat an income tax on individuals in Washington state making more than $200,000. Dubbed Initiative 1098 the proposal is set for a November ballot.
One of the biggest proponents of the new law is Bill Gates II, who is the father of Microsoft co-founder Sir Bill Gates III. Sir Bill was once Ballmer’s boss before he went off to save the world from the mosquito, leaving Steve to lose control of the mobile market.
Initiative 1098 will reduce state property taxes and eliminate business and occupation tax for some of the state’s smallest businesses.
Proceeds from the income tax would be used for health services and public education.
Ballmer’s contribution gives the Defeat 1098 campaign a shot in the arm at a time when the rhetoric on the issue is starting to heat up.
Their feeling is that I-1098 would be the largest tax increase in state history, adding that it could damage the business community by making it harder to recruit talent to the region. They even dusted off Thatcher’s idea that if a few people get stonkingly rich then it will eventually “trickle down” to poor people who will finally have jobs shining rich people’s shoes or supplying them with cocaine.
Total funding of Defeat 1098 now stands at $3.4 million while supporters of 1098 have raised $3.5 million so it is looking like a tie.