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Story summary
- Mayor Zohran Mamdani announced a pied-à-terre tax on second homes over $5 million, while the mayor’s press secretary said the system rewards extreme wealth.
- Billionaire Steve Roth called “tax the rich” a hateful slur, praised the top 1 % as employers, and said Vornado paid $560 million in real-estate taxes this year.
- Roth suggested Ken Griffin could lead a campaign to elect right-minded candidates and described the mayor as young, smart, and energetic.
