Mamdani shoots own foot as he bites the Big Finance hand that feeds New York
New York City Mayor Zohran Mamdani has drawn criticism for targeting billionaire Ken Griffin in support of a proposed pied-à-terre tax, despite Griffin's significant financial contributions to the city. Citadel, Griffin's firm, responded by highlighting its economic impact, including job creation and charitable donations, and suggested the mayor's rhetoric could jeopardize major projects. The controversy unfolds amid concerns over New York's ongoing exodus of businesses and high earners, which some attribute to rising taxes and regulatory pressure.
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Open this photo in gallery:New York City Mayor Zohran Mamdani speaks during an address on April 12, in New York. The mayor targeted Citadel LLC founder Ken Griffin as an example of a billionaire who should be tagged with the city’s proposed new pied-à-terre tax.Andres Kudacki/The Associated PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountGus Carlson is a U.S.-based columnist for The Globe and Mail.It’s hard to believe New York City Mayor Zohran Mamdani has not heard the proverb that warns to never bite the hand that feeds you.
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