Former President Trump has criticized NYC Mayor Zohran Mamdani over a proposed tax targeting the ultrarich, claiming it will harm New York's economy. The proposed tax, which aims to impose levies on luxury second homes valued at $5 million or more, has been backed by Governor Hochul.
On tax day, Mamdani highlighted the need for wealth redistribution by pointing to Ken Griffin’s $238 million penthouse, stating, 'Today we’re taxing the rich.' This push for increased taxation on the wealthy is stirring significant conversation about economic equity in the city.