The Sheer Absurdity of New York's Pied-à-Terre Tax

Zohran Mamdani has wasted an opportunity to address the city’s real long-term fiscal problems. New York City’s new pied-à-terre tax provokes strong opinions. Supporters argue that the nation’s first tax on luxury second homes will help balance the city’s budget and improve “a fundamentally unfair system” that “hurts working New Yorkers,” as Mayor Zohran Mamdani […] Read Full Article »