New York Governor Proposing Tax on Second Homes Worth $5 Million or More

balancing act that has eluded many policymakers.

The Core Argument: Fairness

Supporters of the tax lean heavily on a fairness argument.

New York City offers world-class infrastructure, public safety, cultural institutions, and economic opportunity. Even if a property owner only visits a few weeks a year, they benefit from that ecosystem.

So why shouldn’t continue reading …