Thread #1506571
Anonymous
Mayor Mamdani, Governor Hochul Announce State’s First Pied-à-Terre Tax 04/16/26(Thu)20:03:11 No.1506571
Mayor Mamdani, Governor Hochul Announce State’s First Pied-à-Terre Tax 04/16/26(Thu)20:03:11 No.1506571
Mayor Mamdani, Governor Hochul Announce State’s First Pied-à-Terre Tax Anonymous 04/16/26(Thu)20:03:11 No.1506571 [Reply]▶
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https://www.nyc.gov/mayors-office/news/2026/04/mayor-mamdani--governor -hochul-announce-state-s-first-pied -a-ter
NEW YORK – Today, Mayor Zohran Kwame Mamdani and Governor Kathy Hochul announced the proposal of the state’s first pied-à-terre tax, a major step toward closing New York City’s budget gap while protecting the public services working New Yorkers rely on.
The pied-à-terre tax — supported by 93% of New Yorkers — will levy an annual surcharge on one to three family homes, condominiums and co-ops valued above $5 million when owners have a separate primary residence outside of New York City. While leaders from multiple mayoral administrations have proposed similar measures for more than a decade, this policy marks the first time such a tax will be enacted in New York State.
The measure targets ultrawealthy out-of-city residents and global elites who use New York City real estate as a vehicle for wealth storage rather than as homes. It is projected to generate $500 million in annual revenue, including from some of the most expensive residences in the country — from billionaire Ken Griffith’s $238 million penthouse in Midtown, at one time the most expensive home sold in the United States, to Russian auto-dealer Alexander Varshavsky’s $20.5M property (purchased in cash), and thousands more owned by foreign oligarchs and the global ultrarich.
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“Thanks to the support of Governor Hochul, we are one step closer to balancing our budget by taxing the ultra-wealthy and global elites with a pied-à-terre tax — the first of its kind in our state. Alongside the governor, our administration is fighting every day to make sure we address this fiscal deficit fairly, where the wealthy contribute what they owe and our budget reflects our commitment to the working New Yorkers being priced out of our city,” said Mayor Zohran Mamdani.
“New York City is the greatest city in the world, and the people who call it home should not be left carrying the burden alone. As Governor, I understand the importance of stabilizing the city’s finances without compromising on essential services New Yorkers count on. If you can afford a $5 million second home that sits empty most of the year, you can afford to contribute like every other New Yorker,” said Governor Kathy Hochul.
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>>1506572
>“Thanks to the support of Governor Hochul,
This Hochul?
https://www.skynews.com.au/world-news/united-states/kathy-hochul-humil iatingly-begs-new-yorks-richest-to- return-after-fleeing-mamdanis-high- taxes/video/10d35bcc1558dd7adfc2a88 40129e9ee
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>>1506578
>@FinancialGuysMedia
>https://financialguysmedia.com/
>Broadcasting arm of The Financial Guys, a Buffalo-based financial firm, delivering bold conservative commentary at the crossroads of money, politics, and community. What began as a radio show is now a fast-growing podcast network featuring weekly episodes, exclusive interviews, and no-nonsense takes from hosts Mike Lomas, Glenn Wiggle, Mike Hoeflich, and Mike Sperrazza. Tired of mainstream spin? So are we—follow us for the truth they won’t tell you
kek you poor deluded bastard
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>>1506579
>miggers
Is this some sort of new reddit term?
>Are you people billionaires? No? Then why do you care if they pay more taxes?
Because it's hilarious watching you dirty leftists simultaneously cheer about how much you hate rich people, don't need them, want them gone, and will tax them out of your state AT THE SAME TIME begging them to come back to your state so they can help pay for dem social programs.
Do you not appreciate the irony?
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>>1506574
>Murdoch
>Using a far right foreign propaganda outlet
Meanwhile, if the rich stay, they get properly taxed. If the rich leaves, it means their mansions can be leveled to make room for cheaper housing for everyone.
Win-win for New York.
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>>1506579
Are you retarded? Rightoids are not defending Democrat billionaires in NY, they're mocking the idea because it's retarded. 5 million dollars is not a lot of money. Single family homes in expensive areas of my city are at least 1.5-2 million. This basically targets every single residential property in all of NYC. Also, notice how they didn't go after any of the commercial property, which is significantly more expensive
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>>1506571
This is a good idea. If these rich assholes (because they don’t want to pay taxes) decide they need to sell these properties and leave then that’s perfectly fine, it will free up real estate and reduce property values via lowering demand. And if they stay they have to pay for the privilege of keeping empty houses in the city. All good, very uncontroversial
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>>1506587
>This basically targets every single residential property in all of NYC.
No it doesn’t you complete and utter idiot. The tax is on people who aren’t locals, these people have multiple homes and don’t live in the city they use these properties as holiday homes
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>>1506576
'Mamdani is a very rational man' -Trump
So either (check one):
[ ] Trump is right about Mamdani, therefore your opinions are wrong
[ ] Disagree with Trump saying that, and your opinions are wrong
Choose wisely, MAGAtard.
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>>1506641
>He was just being friendly
>just
Just like you're lying.
Just as Trump lied about writing "The Art of the Deal" when he's functionally illiterate, and was actually written by Tony Schwartz.
Liars & hypocrites don't have the right to be listened to. Only retards are liars & hypocrites, thus making them subhumans.
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>>1506646
>Trump gives a compliment during a meeting with the man
>Therefore that singular statement should be applied to all policy going forward
Are you the kind of retard that thinks the Star Spangled Banner is national policy?
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>>1506641
>form a better foundation for negotiations and deal making
That aged well
Thus either (check one):
[ ] Trump must continually say that Mamdani is superior to him, to maintain that foundation: one which is as solid as quicksand for you & Trump, credibility-wise
[ ] 'Art of the Deal' is nothing more than the first word with the letter 'F' omitted, and has no credibility (and has failed time & again: from all the failed businesses, to folding like a lawn chair re. Hormuz & becoming Iran's bitch)
Choose wisely.
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>>1506680
Because it won't work, rich people are fleeing Jew York in droves. The people who pay the majority of taxes are gone to red states where they won't be squeezed by the government. All the tax money you get from extorting people for owning multiple properties won't even cover 10% of the tax income that has left the state
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>>1506683
>It won't work, just surrender to the billionaires
Fuck off.
The rich are parasites, this is a good way to make sure they pay their fair share. If they want to move out of the city, they don't deserve to own anything in it then.
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Just remember that the year with record breaking amounts of millionaires in NYC is whatever year it currently is. This record was broken by the record set by the previous year. Repeat this for every year in living memory.
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>>1506752
If they are subject to the tax Mamdani announced today, you're not taxing them, because they are out of state, you're only taxing their properties.
What this will cause, over time, is a degradation of your tax base as people stop investing, new properties stop being built, and you have less properties to tax. The dude he refrenced in the video - with the $250 million apartment - is already paying $1.9 million per year in property taxes.
I would say $1.9 million is more than a "fair share" for someone who doesnt live in the city and thus rarely, if ever, uses public resources.
But you know, this isnt about a better society or whatever, its about theater kids being angry that there are people who are better than them (in every conceivable way).
>Mamdani's loser wife, a "graphic designer" made $10k last year.
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>>1506834
>dont give back anything to the community
First, he gives back $1.9 million per year. Second, what entitles you to the fruits of his labor? Third, Mamdani's wife is a fucking loser, Mamdani is equally a loser because the only job he has worked earns him $4,000 per year.
This whole politique is the politics of resentment.
>Oh a bloo bloo I'm the descendant middle class I'm mad that people are better than me and earn more money than me
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>>1506838
Pointing out that his policies are idiotic and generally driven by resentment is not shilling, its just pointing out the obvious.
>the evil billionaire who doesn't even live here gives us $1.9 million per year! what an ANIMAL! we're going to tax him!
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>>1506663
>when owners have a separate primary residence outside of New York City
Like this. So it won’t apply to people who primarily reside in NYC and own multiple properties wherever. It’s designed to make people pay who own property in NYC but don’t live in NYC, think of someone who lives and works in LA and also owns a townhouse in Manhattan which they only use when they come to NY. The idea is to disincentivise people who aren’t living in NYC from hoarding properties which could potentially be inhabited by local NYC people rather than left empty and treated like holiday homes
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>>1506855
>mamdami is closer to the maga/liberal then democrats
>then
Mamdani is closer to Democrats than you, migger shill that's already being politically exterminated since late last year.
You've destroyed yourself by admitting that you're educationally inferior.
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>>1506875
what about him is democrat lol? you're a retard who thinks liberals = democrats. the majority of the liberal block voted for trump dipshit.
he's going to play ball with trump because their aligned, you are going to suffer and be imprisoned and i'll be here smiling when you're another headline
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>>1506878
>Mamdani is a socialist Democrat, he's going to ruin the country!
>*enacts policies that redistribute wealth away from ultra-rich psychopaths, the exact opposite of right wing tax policies.*
>Er... Actually, I mean he's basically just a maga republican. And Trump is a Christian! That'll make you hate him, right?
No you fucking brainlet, we're not fucking stupid enough to believe something because some fucking dumbass says so. I bet you think Trump is a devout Christian.
You're a simpleton and a disgrace.
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