What smart people are saying about Mamdani's proposed tax on second homes worth $5 million or more

Source: Business Insider

Zohran Mamdani is taking swift action the NYC's wealthiest with a new tax proposal. Adam Gray/Bloomberg via Getty ImagesNew York City is proposing a pied-à-terre tax on second homes valued at more than $5 million. The proposed tax has divided academics, think tankers, and real estate experts.