Bernie Sanders Slammed Google Co-Founder for Spending Millions to Stop California's Billionaire Tax Proposal—Crypto Punters Weigh Passage Odds
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- Cryptocurrency prediction markets have slightly raised the odds to 32% for the passage of California's proposed one-time 5% wealth tax on residents with a net worth exceeding $1 billion.
- Senator Bernie Sanders criticized Google co-founder Sergey Brin for spending 100 million dollars to defeat the measure, noting that Brin would still retain significant wealth if taxed.
- The ballot initiative has divided Silicon Valley and political leaders, with proponents arguing it counters federal spending cuts while opponents warn it could drive wealthy residents away.