New York City Mayor Zohran Mamdani celebrated a proposal to tax luxury second homes owned by the ultra-wealthy, a plan expected to generate at least $500 million annually.Earlier in the day, New York Gov. Kathy Hochul unveiled a pied-à-terre tax on luxury second homes in New York City valued at $5 million or more, allowing the city to impose an annual surcharge on ultra-wealthy nonresidents.The proposal is projected to generate at least $500 million annually, according to Hochul.Mamdani praised the plan, noting he campaigned on taxing the wealthy.FROM ‘JUMP ON A BUS’ TO TAX CRACKDOWNS: BLUE ST...
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