Mamdani’s ‘tax the rich’ stunt backfires as billionaires push back

Mamdani’s ‘tax the rich’ stunt backfires as billionaires push back


New York City Democrat mayor Zohran Mamdani’s latest political stunt has wealthy investors signaling they may rethink their commitments to the once-flourishing city — just as BlazeTV host Sara Gonzales predicted.

“They’re not going to just sit there and take it. They’re going to do something about that. What do you think these millionaires that don’t even live there full-time are going to do?” she asks, showing a video Mamdani released revealing his plans for the rich.

“When I ran for mayor, I said I was going to tax the rich. Well, today, we’re taxing the rich. I’m thrilled to announce we’ve secured a pied-a-terre tax, the first in New York’s history. This is an annual fee on luxury properties worth more than $5 million whose owners

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