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Source:
Fox News
Mamdani's comment on wealth sharing sparks debate
New York City Mayor Zohran Mamdani has supported a new pied-à-terre tax on luxury properties worth over $5 million, aimed at generating revenue for city services. The tax has sparked controversy, with critics arguing it will drive wealthy residents out of the city and harm local economic activity. Mamdani's social media post promoting the tax has gone viral, drawing sharp criticism from political opponents and real estate figures.
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