Story perspectives

Luxury Home Tax Sparks CEO Outcry, Wages Drop, Gas Soars

5/6/2026

Left

Roth slams tax

Vornado Realty Trust CEO Steven Roth denounced proposals to tax the rich as a hateful slur akin to racism.
Mayor Zohran Mamdani announced a pied-à-terre tax on luxury homes, prompting backlash from business executives.
Living-wage earners fell from 55.8 % in 2021 to 50.7 % in 2025, report says.
U.S. President Donald Trump’s Iran war raised gas over $4.50 gallon, driving sentiment to record-low.

Right

Griffin Slams Tax

Ken Griffin called Mayor Zohran Mamdani’s tax video ‘creepy and weird,’ validating his plan to expand Citadel’s Miami headquarters.
Mayor Zohran Mamdani posted a video proposing a tax on luxury homes over $5 million, prompting criticism from Citadel executives.
Gerald Beeson called the video ‘shameful,’ noting Citadel is reviewing its 350 Park Avenue project.
Florida officials lauded the climate as Griffin unveiled plans for a taller Miami headquarters tower.

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Roth slams tax

Vornado Realty Trust CEO Steven Roth denounced proposals to tax the rich as a hateful slur akin to racism.
Mayor Zohran Mamdani announced a pied-à-terre tax on luxury homes, prompting backlash from business executives.
Living-wage earners fell from 55.8 % in 2021 to 50.7 % in 2025, report says.
U.S. President Donald Trump’s Iran war raised gas over $4.50 gallon, driving sentiment to record-low.

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