Out-of-state millionaires with New York properties feel that Zohran Mamdani’s second-home tax vilifies them – Oh dear. How sad. Never mind.
After being elected on a manifesto that included fairer taxes on the very rich, New York Mayor Zohran Mamdani is doing exactly what he said he’d do. What a refreshing change.
Just a few weeks ago, he explained that rich people with a second home in New York City would have to pay extra for the privilege.
As you could imagine, they’re not too happy about it. In fact, they feel vilified.
The city’s wealthy property owners say they are sick of being vilified.
Read the full story here: ft.trib.al/9LbpUVQ
— Financial Times (@financialtimes.com) 10 May 2026 at 16:30
The article quotes a Miami-based businessman with a second home in New York, who admitted that he could afford the additional tax, but still described it as “reprehensible”.
Won’t somebody think of the millionaires!
There wasn’t a great deal of sympathy to go around.
1.
— T. Ryan Gregory 🇨🇦 (@tryangregory.bsky.social) 11 May 2026 at 12:53
2.
Then they should stop being villains.
— Jacobonaut (@jacobonaut.bsky.social) 10 May 2026 at 16:58
3.
One of my favorite places is now gone thanks to a landlord raising the rent for no reason other than wanting more money. Don't want to be vilified? Stop doing shit like that. In fact, STFU and start paying land value taxes so that sitting on vacancies becomes far too expensive to do.
— Scott Santens (@scottsantens.com) 10 May 2026 at 17:29
4.
Wait a sec. It was my understanding that they had all left the city the day after he was elected. Did this not happen?
— Uptown Sinclair (@tuckfriendly.bsky.social) 10 May 2026 at 18:13
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They'd rather tax the middle class to death rather than pay their fair share.
— IdahoGal1006 (@idahogal1006.bsky.social) 11 May 2026 at 13:27
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Dear motherfuckers, nobody should have two homes until everyone has at least one.
— Matt Chorpenning, MSW (@chorpenning.bsky.social) 11 May 2026 at 17:55
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Paying a fair share is being vilified?
— redoakhandle.bsky.social (@redoakhandle.bsky.social) 11 May 2026 at 13:29
8.
We are talking about their second home, these people don’t even live in NYC. Their opulent penthouses, in what are mostly architectural monstrosities (at least the new builds) sit empty much of the year. How is that good for the city to have abandoned buildings. These people are tone deaf weirdos
— itbeatstwitter.bsky.social (@itbeatstwitter.bsky.social) 10 May 2026 at 23:34
9.
Framing this as 'The city's' makes it seem like they are part of the city when the conversation is about people who _don't live here_.
Many _intentionally_ avoid becoming residents by the skin of their teeth to avoid contributing to the tax base.
Write 'non-resident super-high end property owners'
— Midnight Train To Georgia On My Mind (@spin4srv.bsky.social) 10 May 2026 at 18:43
10.
— mzrad.bsky.social (@mzrad.bsky.social) 10 May 2026 at 17:04
11.
Is it vilified if he's downplaying how much we all hate them
— Scrutes Ma Glutes (@opossumos.bsky.social) 10 May 2026 at 17:20