Aaaahhh!

The warmth of collectivism...

^^^^^^^
Some member used to have an avatar like that. Drove me nuts.

quote:

Originally posted by Pipe Smoker:
^^^^^^^
Some member used to have an avatar like that. Drove me nuts.

Well, at least it didn't bug you.

Anyone in finance who plans to stay in NYC is an idiot… or someone connected to the corruption in such a way that he can’t leave.

Finance is not know for idiots, at least past a certain level.

I can’t imagine them holding on to much of that industry.

https://www.theepochtimes.com/...9f7ZFFB2yuN8JDmzU%3D

Update

Appeals Court Lets New York City Proceed With Tax on 2nd Homes

‘Owning a second home worth over $5 million should come with a responsibility to the city that makes it valuable,’ the city’s mayor said.

New York City Mayor Zohran Mamdani and his administration can move forward with the plan to impose taxes on people who own second homes worth more than $5 million, an appeals court ruled on Nov. 4.

The Supreme Court of the State of New York Appellate Division reversed a recent decision by a state Supreme Court judge that restricted the administration from rolling out the pied-à-terre tax.
People who sued over the tax do not have standing because they have not shown they have been injured by the tax rollout, the appeals court said on Wednesday.

The receipt by people who brought the case of notices that outlined initial determinations of whether the tax applied to them has not resulted in any documented costs to date, the appeals court said.

Additionally, the publication of a list of homeowners by the city might have caused confusion, but “confusion has been held to be too generalized, tenuous, and ephemeral to constitute a cognizable injury-in-fact as to confer standing,” according to the ruling.

Randy Mastro, a lawyer representing the petitioners, told The Epoch Times via email that the court “took the procedural offramp of standing to avoid addressing the merits of this case.”

He added: “What the City has done here is unconscionable—trying to ensnare thousands of people who don’t owe this surcharge into having to prove they live in their own homes or else have to pay it. But now, this lawless and chaotic data collection scheme will go unremedied.

“To be clear, though, the ultimate day of reckoning for this ‘pied-à-terre’ surcharge will occur next month when its constitutionality will be decided. We remain confident we will prevail and put an end to this unconstitutional surcharge altogether.”

Mamdani, a Democrat, told news outlets in a statement that the appeals court “rejected an attempt by the ultrawealthy to avoid paying their fair share and ruled in favor of the City in a lawsuit challenging the rollout of the pied-à-terre surcharge.”

He also said: “From day one, those with the most have attempted to use every legal avenue available to shield their wealth and avoid contributing more to our city. But owning a second home worth over $5 million should come with a responsibility to the city that makes it valuable.

“The pied-à-terre surcharge asks those who can afford luxury second homes to contribute toward the safer streets, cleaner parks and essential public services that every New Yorker deserves.”

The tax was implemented by state lawmakers through an agreement between the mayor and New York Gov. Kathy Hochul. It imposes a surcharge on second homes valued at more than $5 million and cooperative units and condominiums worth more than $1 million.

The tax was slated to apply starting over the summer.

The people who sued were either among the approximately 17,000 property owners who received an initial determination notice or included on a list of more than 900,000 properties that officials said was related to the surcharge, even though many of the properties are not subject to the tax.

Some of the people who sued were later granted exemptions or told that the tax does not apply to them.

New York Supreme Court Justice Wayne Ozzi said in September that the publication of the property list appeared to confer standing to petitioners who were listed.

He also said the claims relating to the notices were not moot despite the city reversing the initial determinations for the petitioners because the tax would apply in future years and any errors could recur in the future.

The judge ordered the city to remove the list of more than 900,000 properties from its website, and said the city could replace it “with a limited supplemental roll reflecting those properties actually subject to the surcharge.”

He also canceled all previously mailed determination notices and directed the city to use the most recently available tax information and other data in coming up with new initial individualized determinations.

The appeals court said that Ozzi was correct on the matter not being moot, but that the mailing notices sent to the people who sued followed legal requirements and did not harm the people.

It also said that the publication of the list of properties has not resulted in the petitioners on the list alleging that any bad actors have misused the information or that the publication led to them being subjected to a crime, harassment, or “defined public ridicule.”

Petitioners had expressed concerns about stalking and fraud in a filing, but those concerns were not supported by witness affidavits or actual evidence, the court said.

So, the affected people can't sue until they start paying the tax, so they can be "injured"?

Right.

If this holds, I imagine we'll be seeing similar grabs in newly leftist areas.