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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My take: I think Mamdani wants the billionaires who own property but don't pay income taxes to NYC to leave. Why else would he so publicly go after one of them?

But a whole lot will have to leave in order for any of those properties on Billionaire's Row to ever get divided up into smaller, more affordable apartments.

I think NYC is going to go the way of CA, OR and WA. Still very expensive and not a great quality of life.[/quote]

I think the whole point of these taxes is to improve the quality of life for the 99 percent of people who live in NYC and provide services- teachers, food delivery people, taxis, creatives, cops, etc.  No one is expecting a $249M apartment to become affordable housing, don’t be absurd. But if the extra revenue can help plug budget shortfalls, great. NYC has never ever provided a great quality of life in the traditional sense, yet it’s still where people flock to, despite its hardships. [/quote]

It’s where (1) immigrants, (2) yuppie Wall Streeters, and (3) theater kids who hated HS flock to. Don’t act like NYC is full of deserving Americans who have to be there. [/quote]

I’m here and I’m none of those things… [/quote]

So you’re a middle village lifer or a trust fund baby uptown. Cool [/quote]

I have no ideas what those words mean… [/quote]

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