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2 weeks ago

Bezos says Mamdani’s tax on luxury NYC homes is ‘fine’ despite backlash

New York City Mayor Zohran Mamdani’s push to tax luxury second homes is drawing reactions from some of the country’s wealthiest business leaders, with Amazon founder Jeff Bezos saying Wednesday that the New York City mayor’s pied-à-terre tax proposal is "fine" while rejecting broader "tax-the-rich" arguments.Speaking during CNBC’s "Squawk Box," Bezos weighed in on Mamdani’s proposal to raise taxes on second homes worth more than $5 million — a plan backed by Mamdani and New York Gov. Kathy Hochul as part of a broader affordability push."I think that the pied-à-terre tax is a fine thing for New...