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The Wealth Tax Plan That’s Roiling New York and French Politics

Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy.

Gov. Kathy Hochul of New York has not always seen eye to eye with Zohran Mamdani, a New York mayoral candidate, but they appear to be aligned on tackling the city’s affordability crunch, a problem that is roiling politics as far away as France.
In he… [3693 chars]

Source: The New York Times | Published: 2025-09-15T14:03:14Z

Credit: The New York Times

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