Mamdani Courts 2 Wall Street CEOs as $5 Million Home Tax Push Alarms Investors

5 articles · Updated · Fox News · May 22

Zohran Mamdani met JPMorgan's Jamie Dimon and Goldman Sachs' David Solomon this week, signaling an effort to reassure finance leaders after months of higher-tax rhetoric.
New York's mayor is trying to preserve the business and wealthy tax base that funds priorities such as free childcare and subsidized housing, while critics warn a tax-the-rich approach could deter investment.
Citadel's Ken Griffin has also been drawn into the outreach after Mamdani promoted higher taxes on second homes worth more than $5 million outside Griffin's property.
Jeff Bezos backed Griffin's criticism on Wednesday, saying wealthy Americans are being vilified and arguing overspending—not too little tax revenue—is the bigger fiscal problem.
The meetings highlight a broader dilemma for the mayor of the nation's financial capital: Wall Street and high-income taxpayers supply a large share of city revenue even as progressives press for more redistribution.

Can NYC's plan to tax the rich fund its future, or will it trigger a devastating exodus of wealth?

Is the mayor’s charm offensive on Wall Street a genuine policy shift or just political theater before raising taxes?