NYC Mayor Zohran Mamdani /Image: Video screenshot @NYCMayor/X
No one loves April 15th more than Democrats as they dream and plan how to spend your money.
On tax day, radical communist NYC Mayor Zohran Mamdani posted a menacing message to New Yorkers, reminding them that he is coming for them.
The video starts out with Mamdani telling viewers, “When I ran for mayor, I said I was gonna tax the rich.”
Then, with a grin and an attempt at a bit of Hollywood flair (which translated into creepiness), he leaned menacingly into the camera, tapped the lens and declared, “Well, today we’re taxing the rich.”
“I’m thrilled to announce we’ve secured a pied-à-terre tax, the first in New York’s history. This is an annual fee on luxury properties worth more than $5 million whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million.”
“This pied-à-terre tax is specifically designed for the richest of the rich, those who store their wealth in New York City real estate but who don’t actually live here.”
“But even so, they’re able to reap the huge financial rewards of owning property in, dare I say, the greatest city in the world. And most of the time, these units are sitting empty since, again, they don’t actually live here. This is a fundamentally unfair system that hurts working New Yorkers.”
“Now, it’s coming to an end. This tax will raise at least $500 million directly for the city.”
“It’ll help fund things like free childcare, cleaner streets, and safer neighborhoods. As mayor, I believe everyone has a role to play in contributing to our city, and some a little bit more than others.”
“Happy Tax Day, New York.”
Watch:
Happy Tax Day, New York. We’re taxing the rich. pic.twitter.com/Wky2LFXC9W
— Mayor Zohran Kwame Mamdani (@NYCMayor) April 15, 2026
Less than a month into his tenure, Mamdani made it clear that raising taxes on the ‘wealthy’ to make up the city’s budget deficit was a priority, telling the city’s wealthiest must pay more in taxes to help fill the staggering budget deficit of more than $12 billion that he was left by his predecessor.
On April 7, 2026, Mamdani released the Preliminary Citywide Racial Equity Plan, exposing the framework of his campaign promise of shifting tax burdens from outer-borough homeowners to “more expensive homes in richer and whiter neighborhoods.”
The proposed estate tax threshold of $750,000, which would impose a 50 percent state estate tax on homes above that value, potentially raising the combined federal and state rate to 70 percent.
Billionaire investor Bill Ackman responded to Mamdani’s video, noting, “Non-residents who spend millions of dollars on NYC apartments help drive NYC’s economy. Most of the profit in condominium development is in the penthouses.”
“The Ken Griffins of the world make NYC high end development viable, driving high-paying construction, brokerage, legal, marketing, and other jobs in NYC. We should be applauding Ken for spending $238 million in NYC, not attacking him for doing so.”
“Importantly, non-resident owners of NYC apartments who leave their apartments vacant for much of the year are not a burden to NYC schools, services, or other resources while they drive growth in retail sales, restaurants, theater, and other important drivers of our economy. They also often support NYC non-profits with donations.”
“Ken’s company is a major employer in NYC of very high paying jobs which drive a considerable amount of our tax base. We wouldn’t want him to move even more employees to Miami.”
“These non-resident owners also already pay a lot of taxes including mansion taxes, real estate taxes, sales taxes and more.”
“While @NYCMayor Mamdani likes the tag line ‘Tax the rich.’ Unfortunately, his policies will harm the constituencies he is supposedly trying to help.”
“I can’t imagine the NYC construction unions are excited about his plan.”
Non-residents who spend millions of dollars on NYC apartments help drive NYC’s economy. Most of the profit in condominium development is in the penthouses. The Ken Griffins of the world make NYC high end development viable, driving high-paying construction, brokerage, legal,… https://t.co/7Iv6UhGzdf
— Bill Ackman (@BillAckman) April 16, 2026
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