How Mamdanis pied--terre tax is pushing NYC business leaders to the brink and may spark a war
New York City business leaders aren’t inclined to go to war with Zohran Mamdani – but his latest stunt surrounding the controversial pied-à-terre tax is forcing them to reconsider, On The Money has learned.This week, our Marxist mayor released the names of taxpayers who are being subjected to his idiotic levy on owners of apartments worth $5 million or more that are not their primary residences. It’s idiotic partly because these wealthy out-of-state residents don’t use our services, but nevertheless already pay plenty of state and city taxes – the lion’s share in fact.They might decide to buy a place in Boca instead.It also reeks of the dark and hate-fueled side of Marxist class warfare.
Mamdani has created an “enemies list” of rich people he thinks should be paying more taxes.It’s a taste of Lenin and Mao, a public shaming exercise to give his base of DSA loons some red meat while people whose names appear must explain to City Hall why they shouldn’t fall into this vortex.It’s also dangerous, according to the business people I spoke to who don’t want their names published: When they saw the headlines about “the list,” some instantly thought about Brian Thompson, the United Healthcare CEO who was murdered by a radicalized nut named Luigi Mangione.Steve Fulop, president of the city’s largest business advocacy group, the Partnership for New York City, has been at his wit’s end dealing with the demonization of business people and upper-income New Yorkers – who pay most of the city taxes here to fund the expansive welfare state Mamdani is constructing. He’s been trying to engage with the mayor and his people, but with the “enemies list” news, he seemed literally resigned to the fact that this is a City Hall that needs to be confronted rather than cajoled.Accordingly, Fulop is putting together a plan for action.
I gather that he doesn’t want to give too much detail so as not to tip off the DSA.Let’s just say it involves b...