Comment & Analysis
Will Mamdani’s Proposed Millionaire Tax Save Or Sink New York City?
What would be the real result of a new millionaire tax in New York City–the kind that Mayor-elect Zohran Mamdani wants to impose? In June, after Mamdani, a self-described Democratic Socialist, won the Democratic primary, billionaire Bill Ackman, founder and CEO of Pershing Square Capital Management, suggested the answer is that…
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