New York City’s super-rich are up in arms over a new tax on second homes proposed by mayor Zohran Mamdani and state governor Kathy Hochul.
Hedge fund billionaire Daniel Loeb accused the mayor of “stirring up class warfare” in a post on X. He also said Mamdani was “doxxing” the investor Ken Griffin, whose $238mn Manhattan penthouse was featured in a video accompanying the unveiling of the new tax plan on Wednesday.
“You can’t tax a city into prosperity and you don’t attract capital by demonising philanthropists,” said Loeb, who made big donations to prevent Mamdani from winning the 2025 mayoral race.
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