I don't suppose it's likely that a sophisticated Saudi will exchange his Manhattan pied-a-terre for the joys of living above Greenwich Avenue, so no benefit for us here, but as trends go …
/Just one more shot across the bows for rich and middle class people in blue states, because there is never enough money to satisfy the looters, and when this latest tax proves insufficient, they’ll be back for more, and from more than just billionaires.
Mamdani touts plan to tax owners of expensive, luxe apartments serving as second homes for wealthy investors. pic.twitter.com/L77iVvVxqe
— Libby Emmons (@libbyemmons) April 15, 2026
Related: up in Maine, the Democrat’s front-running senatorial candidate Graham, “Totenkopf” Platner is pushing for a “wealth tax” on everything state revenue agents can lay their hands on: real estate; closely held businesses; trusts; and, of course, unrealized capital gains, and he’s simply just one more voice in the Democrat choir demanding the same thing across the country.
Fun times.