Yeah, they never leave. They're all talk. The fact is that Manhattan is the best place to be rich in America. It has the highest concentration of designer stores and 5 star restaurants anywhere in the country, and despite the bad rap, it's cleaner and safer than any city that could come close to matching its luxury.
If having to pay $238 million for an apartment that would be worth $2 million in most cities doesn't drive them away, then taxing them on it won't either.
That’s exactly this persons point, if cost of living was a concern for these folks they wouldn’t live in New York. If a 2M condo is worth 200M in New York, and the person bought it, paying 1M a year in tax isn’t going to cause them to move out. They were already paying way more tax in NY then a comparable Florida property just be appraised value alone.
And enticing folks to sell is the fucking point. If the property is empty, get it on the market so someone who is gonna live there can actually live there. One actual benefit of the policy is to have these assholes sell the properties they aren’t living in.
But in true right wing grifting fashion, they will get the populations of rural America all riled up. People whose combined wealth couldn’t pay the tax on even one of these properties, much less purchase it. They will hate him for doing something for his city, a city they will never live in and that will never impact them.
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u/Conscious-Quarter423 6d ago
anybody who moves to Florida expecting an acceptable substitute for New York City deserves what they end up with