How dumb is it to promote adding an additional BS tax by degrading someone providing $6 billion for a development project in the city? If Ken Griffin pulls $6 billion from NYC, the additional taxes placed on many who may very well move out of the city will also dwindle. Socialists never have a problem spending someone else’s money until the well dries up, as it is in New York and California.
Slowly, people are waking up to the game of selling everything to get elected but delivering nothing once elected, e.g., Virginia’s Spanberger and the gerrymandering attempt. Lying and deflecting are what she did to get votes, and that should be a crime of some sort. Politicians, on both sides play the same game and that is wrong. All IMO.
“Billionaire Ken Griffin is appalled after Mayor Zohran Mamdani spotlighted his Manhattan penthouse in a viral video announcing a new pied-à-terre tax – and the hedge fund titan signaled he might even yank a $6 billion development project in the city.
In a video last week, Mamdani beamed as he stood in front of the Citadel founder’s 24,000-square-foot property at 220 Central Park South – which he scooped up for $238 million in 2019, the most expensive home sale in the country.
“We’ve secured a pied-à-terre tax,” the 34-year-old Democratic socialist rejoiced in the April 15 video.
“This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million.”