Ken Griffin questions socialist policies at Oslo conference

8 articles · Updated · MarketWatch · May 1

The Citadel founder spoke after New York Mayor Zohran Mamdani highlighted Griffin’s $238 million penthouse while backing Governor Kathy Hochul’s proposed tax on second homes above $5 million.
Supporters say the measure could raise at least $500 million toward closing the city’s $12 billion budget gap and fund childcare, street cleaning and neighbourhood safety.
Griffin, due to meet Hochul on Thursday, said they would discuss Citadel’s future in New York as the firm weighs a reported $6 billion Midtown redevelopment project.

Could the pied-à-terre tax drive wealthy homeowners out of New York, shrinking the city’s tax base instead of growing it?

How might the new tax policies and Medicaid work requirements reshape New York City's economic and social landscape over the next decade?

Are proposed wealth taxes likely to generate the billions promised, or will legal loopholes and relocation undermine their effectiveness?