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Mamdani’s Most Taxing Threat on New York City
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8 hrs. agoNew York City Mayor Zohran Mamdani just issued a somewhat alarming video announcing the approval of a “pied-a-terre tax” – a new tax on properties valued at $5 million or more. A move that will likely drive property owners out of Manhattan in droves. Mamdani is framing this issue in terms of what is fair. But this tax doesn’t really seem to be about what’s fair. The tax targets people who are investing in the city and don’t place much strain on . . .
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