New York City Mayor Zohran Mamdani has proposed a tax that will 'come' for houses of Jeff Bezos, Michael Dell and other millionaires
New York City Mayor Zohran Mamdani has proposed a new "pied-à-terre tax" targeting non-primary residences valued over $5 million.
This move could impact billionaires like Jeff Bezos and Michael Dell, aiming to generate $500 million annually for public services.
Critics, however, warn of potential negative impacts on city investment.
Mamdani Proposes Tax on Luxury Homes
- Mamdani Says Second-Home Levy Plan Is Key Step to Tax the Rich Bloomberg —
- NYC's plan to tax luxury second homes, explained Business Insider —
- New Yorkers Warm to Mamdani’s Redesign Plan for Grand Army Plaza in Brooklyn The New York Times —
- Michael Goodwin: Hochul and Mamdani are on an ideological bender — tax hike could kill NYC’s golden goose NY Post —