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Abso-fucking-lutely.
Every billionaire is complicit, including your favorite billionaire: The pop star, the superstar athlete, the philanthropist, or the guru who cosplays as middle class. They’re all motherfuckers.
This is why I can’t stand to watch professional sports anymore, just some millionaire getting payed by his billionaire owner to play a game so you stay distracted by your bread and circuses.
That and a fucked up minimum wage
It’s always weird cuz I donate to Charities and I also already pay taxes. How come they can’t do both?
Mamdani making T. Swizzle pay NYC taxes was the reason he balanced the budget? I thought it’s because he negotiated with NY state for aid (which, fair game; NYC pays more in taxes than it gets back), delayed the city pension, and is finalizing a pied-à-terre tax.
What meaningful raise on Taylor Swift’s taxes has Zohran Mamdani imposed? Did she not pay taxes before? What’s the source here?
The real world is allowed to be complicated and messy, and ironically, reducing it to “hurr durr he taxed Taylor Swift” is doing a disservice to what Mamdani actually managed to work out to balance the budget – which is imperfect, but he inherited a $12 billion deficit from a grifter. It’s good for what it is.
Taylor Swift owns multiple secondary properties in New York City.
She has amassed a massive real estate footprint on a single block in Tribeca, worth an estimated $50+ million. Her holdings include:
- An 8,000-square-foot duplex penthouse at 155 Franklin Street.
- A second-floor unit in the same building purchased for nearly $10 million.
- An $18 million townhouse right next door at 153 Franklin Street.
Governor Hochul and Mayor Mamdani finalized a deal to implement a pied-à-terre tax surcharge on luxury secondary residences in NYC.
The tax starts as a 4% surcharge on the property’s value and then there is an annual charge that scales up progressively based on the assessed value.
Rhode Island passed a similar luxury second-home tax targeting non-resident estates over $1 million, a piece of legislation that the press nicknamed the “Taylor Swift Tax” due to its impact on her $17 million Watch Hill mansion.
To say that this alone is balancing the budget is an oversimplification (what are hot takes if not reductive) but the tax will have a meaningful impact because she owns a lot of property in NYC.
Careful. Hurr-durr is your voter base!
Yeah this seriously needs a source
I’m just looking for a reason to bring the plane memes back
Wtf is this take? Her net worth is $2 billion, she couldn’t have paid off the deficit if she tried
And yet, still obviously paying far, far too little in taxes.
Like all billionaires.
Well yea, I’m not a billionaire defender, but the narrative here is kinda not what happened
That’s your interpretation.
I think this person pointed out Taylor Swift because they’re largely seen as one of the ‘good’ billionaires, but all billionaires deserve criticism, including her.
I feel like this person just hates Taylor Swift
Sounds to me like they hate apologists for billionaires. And I do too.
To be fair, NYC has always had a balanced budget. It’s literally required by law.
Though there’s definitely been an increase of social services which is good.
Though I think it’s a misrepresentation to say that money came from taxing rich people more. The bulk of it, if I’m not much mistaken, has been from some creative accounting with the NYC pension system.
Wait. So it’s still bologna? Who could’ve guessed?
This is true, but also Adams left a huge deficit on his way out with must-pays with the sole intention of hurting Mamdani utilizing that requirement as a cudgel. It’s nothing short of impressive that he was able to stick to his values and reverse the damage at the same time.
Mamdani? oh dont you mean CIA Fake Leftist Plant Mamdani? libs falling for it again after AOC-IA
If he’s CIA he’s the least effective agent imaginable. He’s single-handedly made running on class politics a winning strategy in new York and swayed the entire state into adopting more of that. CIA works for the oligarchs and status quo, so what good has he done them? Seems dumb
Oh no, we fell for taxing billionaires again!
