Will Mamdani’s Proposed Millionaire Tax Save Or Sink New York City?

What’s would be the real result of a new millionaire tax in New York City? Billionaire Bill Ackman, founder and CEO of Pershing Square Capital Management, suggests the answer is that wealthy taxpayers will flee. In a post on X (formerly Twitter), Ackman lamented Zohran Mamdani’s Democratic primary win in the New York City mayoral
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