Mamdani warning to wealthy New Yorkers about 'fair share' sparks online firestorm: 'Full blown communist'

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. New York City Mayor Zohran Mamdani's "pied-a-terre" wealth tax on luxury properties ignites a contentious debate, drawing strong criticism from Citadel CEO Ken Griffin and hedge fund manager Bill Ackman. New York City socialist mayor Zohran Mamdani is facing heat on social media after his post celebrating the state’s new pied-à-terre tax on New Yorkers with a second home. "If you have a second home in New York City worth more than $5 million, check your mailbox when you’re back in the five boroughs — because you've got mail," Mamdani posted on X, touting the tax on specific second properties introduced by New York Gov. Kathy Hochul that he supported going into effect soon. "Today, we sent notification letters to property owners, letting them know that our new pied-à-terre tax is coming soon," Mamdani continued. "The best city in the world deserves th