Billionaires vs. Mamdani: The NYC Tax Fight Turning Ugly
About this episode
Michael discusses the backlash against Mayor Mamdani's new tax targeting wealthy property owners in NYC.
Michael dives into the explosive backlash surrounding New York Mayor Zohran Mamdani’s new “pied-à-terre” tax targeting ultra-wealthy property owners who do not live in the city full-time. After billionaire hedge fund manager Ken Griffin blasted Mamdani’s viral “tax the rich” video and threatened to expand jobs outside New York, Michael asks a provocative question: Has “tax the rich” become a political slur? Listeners from across the country weigh in on wealth inequality, fairness, capitalism, philanthropy, and whether aggressive taxation could push jobs and investment out of major cities. Plus: reactions to Wall Street’s growing frustration with New York politics and what it all says about America’s widening economic divide. Original air date 7 May 2026. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
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