'NYC is cooked': Business leaders and Wall Streeters erupt over proposed luxury second-home tax

Source: Business Insider

Mayor Zohran Mamdani has backed a proposal by Gov. Kathy Hochul to tax second homes in New York City valued at over $5 million. Caean Couto/Getty ImagesKathy Hochul and Zohran Mamdani proposed a tax on New York City second homes worth over $5 million.