„Es ist beschämend“: New Yorks Elite kritisiert Zohran Mamdanis Zweitwohnungssteuer

Yeah, their lashing out *is* shameful. If you have enough money that you don’t have to worry about money, you shouldn’t get upset about people telling you that you have to *pay your taxes*.

Link around paywall

https://archive.ph/GjdHm

Truly a second Reign of Terror going on in New York these days.

Wow this must be so difficult for them I’m just having a hard time caring.

I’d imagine if this were a different era these people would be complaining about how shameful it is that they are being told they can’t keep putting children down into mines.

What is Mamdani doing!? If he taxes second-homes, all those apartments and condos and houses will leave the city and go somewhere else!!!

“Can I afford the tax? Yes. Is it going to deter me? No. But I think it’s shameful,” he said. “I provide a lot of money to people who are blue-collar workers who work for me, servers in restaurants. If we’re not there, there are going to be less people being paid.”

How big of an asshole can one be to not understand that they are making their vast amounts of wealth off the sweat of their workers. 

It’s one thing to grumble about something – it’s everyone’s right – but it’s entirely another when they use their money and influence to get rid of what they are grumbling about. I’m glad Mamdani is holding his position and not giving in to these leeches.

Billionaires can get fucked

Calling it a second home tax is a bit disingenuous. I believe the second house needs to be $5+ million dollar house. He’s not targeting regular folks here. That said, these rich jerks always complain when they have to pay up. I really don’t care. Pay the tax. You can afford it.

“The progressive movement is the most dangerous thing for the upper-middle-class professional that’s ever happened in these big cities,” said Patrick Dwyer, a wealth adviser for NewEdge Wealth in Miami.

This guy thinks that people owning these multimillion dollar properties are just upper middle class. Which means they truly see the average American as bottom feeders. 

Here’s an interesting little collection of related facts:

1. There’s enough empty housing to *give every single homeless individual or family in America their own home.*

2. These empty homes are largely (in excess of 95%) owned by wealthy households (in the top 10% of incomes) or rental management companies & banks, and being *intentionally kept off the market* to shrink real supply and justify raising prices (and thus profits) on those they choose to put on the market.

3. This is because taxes & maintenance (X) on vacant properties is less than the increased profits (X+) generated by this practice.

4. It’s manipulation of the housing market writ large, but, like so many things going on, it’s not actionable, legally, because to be criminal, there has to be coordination/conspiracy, and this is seperate actions by different parties, operating in the same conditiins with the same motive, resulting in the same actions. It’s like giving 100 different people sugar, lemons, water, and telling them to make a business out of it, 90% are going to start selling lemonade without any coordination whatsoever because that’s the most viable tactic.

The solution to this is found from 3, the very solution Mamdani is implementing. Tax vacant properties to change the formula, make it more profitable to rent or sell extra properties than to keep them empty & off market.

This is why they’re strenuously objecting. They don’t want others to realize this works and implement the solution elsewhere/everywhere. They actively don’t want housing prices to come down, because the current situation benefits them.

P.S. I’ve received a PM asking permission to copy and share this elsewhere, blanket permission to do so is granted.

When the rich people start complaining, what you’re doing is working. We need this type of government leadership to spread like a virus.

Keep going Zohran!!!

What’s shameful is owning a $5M+ property you don’t live in.

Stop, stop. I’m really at my limit for thinking Mamdani is doing an excellent job.