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Super-rich complain but experts welcome Mamdani’s pied-à-terre tax
New York City is rolling out a new pied-à-terre tax aimed at wealthy property owners, designed to generate $500 million annually for housing needs. While critics claim it infringes on privacy and may deter businesses, supporters argue it's...
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New York City is rolling out a new pied-à-terre tax aimed at wealthy property owners, designed to generate $500 million annually for housing needs. While critics claim it infringes on privacy and may deter businesses, supporters argue it's a necessary step to tackle the housing crisis.
Full story and more reels: https://newsreel.video #news #breaking #NewYork #housingcrisis #taxation
Originally reported by The Guardian.
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