Kathy Hochul and Zohran Mamdani ruffled some feathers when they introduced a proposal to tax secondary homes in New York valued at over $5 million.
A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures.
“NYC is cooked,” wrote Austin-based entrepreneur Jason Calacanis in a post on X, capturing a wave of alarm among investors,… [4253 chars]
Source: Business Insider | Published: 2026-04-17T04:02:01Z
Credit: Business Insider
