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Super-rich complain but experts welcome Mamdani’s pied-à-terre tax
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Guardian Business
Super-rich complain but experts welcome Mamdani’s pied-à-terre tax
New York mayor’s policy set to generate revenue and address housing crisis despite outcry in some quarters
New York City’s introduction of a pied-à-terre tax has provided fodder for Zohran Mamdani’s critics, who accuse the democratic socialist mayor of attacking the rich – even as others welcome it as a much-needed effort to tax the wealthy in a city known for its yawning inequality and cost-of-living crisis.
The ta…
8 Aug, 12:00
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