Super-Rich Complain as Experts Welcome Mamdani's Pied-à-terre Tax in NYC

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Economy

8 August 2026 at 7:14 pm

Super-Rich Complain as Experts Welcome Mamdani's Pied-à-terre Tax in NYC

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Summary

New York City's new pied-à-terre tax, introduced by Zohran Mamdani, is welcomed by experts as a way to generate revenue and address the housing crisis, despite complaints from the super-rich.

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