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Story summary
- New York City Mayor Zohran Mamdani calls U.S. tax system rigged to favor wealthy, noting richest Americans pay 24% of income in taxes since 1960.
- He co-authored an op-ed with Joseph Stiglitz and Gabriel Zucman advocating a fairer tax system and highlighting California's 5% billionaire tax.
- In New York, Mamdani supports a pied-à-terre tax on second homes over $5 million to generate $500 million annually for essential services.
