Billionaires vs. Mamdani: The NYC Tax Fight Turning Ugly

Michael dives into the explosive backlash surrounding New York Mayor Zohran Mamdani’s new “pied-à-terre” tax targeting ultra-wealthy property owners who do not live in the city full-time. After billionaire hedge fund manager Ken Griffin blasted Mamdani’s viral “tax the rich” video and threatened to expand jobs outside New York, Michael asks a provocative question: Has “tax the rich” become a political slur? Listeners from across the country weigh in on wealth inequality, fairness, capitalism, philanthropy, and whether aggressive taxation could push jobs and investment out of major cities. Plus: reactions to Wall Street’s growing frustration with New York politics and what it all says about America’s widening economic divide. Original air date 7 May 2026. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.