‘It’s shameful’: New York’s elite lash out at Zohran Mamdani’s second-home tax

AI Summary

Wealthy New Yorkers are expressing discontent over a proposed second-home tax, threatening to leave the city in response. This reflects growing tensions between the elite class and municipal policies that they perceive as detrimental.

A time-honoured New York ritual is playing out again as millionaires and billionaires threaten to flee the global financial capital where ...