By Brittany De Lea, includes “The tax was originally introduced by Democratic State Sen. Brad Holyman in 2014, but its revival in 2019 was linked to billionaire hedge fund manager Ken Griffin’s recent record-breaking purchase of a $238 million New York City apartment. … ‘I like to call it an oligarch tax because there are foreign owners currently purchasing property in New York City—tens of millions of dollars—not contributing to city services,’ Holyman has said of the tax. …”