Reply to Non resident luxury tax on $5M + properties.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I can actually see why the tax might make sense but Mamdani was dumb going after Ken Griffin to appease "tax the rich" crown. He didn't bother to check Griffin's charitable activity in NYC. Over past few years Griffin donated:

- $400mm to Sloan Kettering cancer center
- $40mm to Museum of Natural History
- $12mm to NYC Hospital for Special Surgery
- $25mm to NYC success academy charter schools

Additional tax on Griffin's penthouse will be a drop in the ocean in comparison to these numbers. If Griffin decides to reduce his donations, NYC will be worse off. [/quote]

Oh, please.  These are vanity donations and tax rights offs.[/quote]

They are not tax write offs or tax credits. They are tax deductions which means the effective cost to Griffin is still hundreds of millions of dollars.

They may be vanity donations but they still benefit New York and New Yorkers. Mamdani could have picked a better target (e.g. a Russian oligarch - surely, there must be one) but his team is not very smart. They focused on dramatic effects and forgot about data.[b] Math is hard..[/b].[/quote]

apparently, as these donations are approximately 1% of Griffins net worth, and yet you’re on here simping for him…

[/quote]

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