Rich Californians Targeted With New Tax on Ballot, Bankrolled by Sam Bankman-Fried

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Rich Californians Targeted With New Tax on Ballot, Bankrolled by Sam Bankman-Fried

Rich Californians may need to pony up more in taxes if voters approve a ballot measure in November—bankrolled by convicted cryptocurrency billionaire Sam Bankman-Fried—if the initiative is not withdrawn by the end of June. “Initiative #1916 ‘Provides Funding for Pandemic Detection and Prevention by Increasing Tax on Personal Income Over $5 Million. Initiative Constitutional Amendment and Statute’ is eligible to be qualified for the ballot. It wi…