Mamdani’s Tax-the-Rich Plan Risks Driving Wealth Away

You've heard the news and may have seen the video: New York Mayor Mamdani mugging for the camera, his face in a gleeful smirk, saying "When I ran for mayor, I said I was going to tax the rich. Well today, we're taxing the rich!" He was announcing - on April 15, the day federal and state income tax returns are due - a new special tax on "second homes" located in New York City valued over $5 million. The Marxist mayor is standing in front of a building where he says hedge fund