New York City Mayor Zohran Mamdani's "tax the rich" video, which promoted a new pied-à-terre tax on luxury homes, has drawn sharp criticism from prominent business leaders. Steven Roth, CEO of Vornado Realty Trust, called the video "irresponsible and dangerous," comparing the phrase to hate speech. Citadel CEO Ken Griffin stated the video put him "in harm's way," referencing a recent assassination. The controversy could jeopardize a significant $6 billion office tower development project in Manhattan. AI
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RANK_REASON A new city tax policy is facing significant backlash from major business leaders, potentially impacting large development projects. [lever_c_demoted from significant: ic=1 ai=0.0]
