New York millionaires feel threatened by Mamdani's 'target list'

"Big Apple's Billion-Dollar Tax Crackdown: Crypto Execs in Crosshairs" In a move that's sending shockwaves through the city's real estate market, New York officials have made public a searchable database of properties that may be subject to a new tax on vacant homes. The proposed levy, aimed at cracking down on underutilized properties, has caught the attention of high-profile crypto executives who own significant stakes in the city's real estate landscape. As the city looks to rake in billions in revenue from the tax, these digital moguls are speaking out, claiming the measure unfairly targets their investments. Will the city's efforts to reduce vacant properties pay off, or will it backfire and stifle economic growth?

The city put out a searchable file of homes — and owners' names — that could owe a proposed tax on properties people don't actually live in. Crypto executives, many with New York real estate, say it ...