(HedgeCo.Net) New York has always been more than a city. It is a financial capital, a political stage, a luxury real estate trophy market, and a symbol of the uneasy bargain between private wealth and public obligation. That bargain is now being tested again, this time through a highly visible clash between newly inaugurated New York City Mayor Zohran Mamdani and Citadel founder Ken Griffin over a proposed “pied-à-terre” tax aimed at expensive, intermittently occupied second homes.
The debate...
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