Trump claims Zohran Mamdani is 'ruining' NYC with his proposed tax on the affluent.

Trump's Criticism of Mayor Mamdani: President Trump criticized New York City Mayor Zohran Mamdani over a proposed tax targeting wealthy second-home owners, claiming it would harm the city and its residents.

Mamdani's Response: Mayor Mamdani expressed that he was not surprised by Trump's remarks, acknowledging their differing policy views while maintaining a cordial relationship.

Proposed Tax Details: The proposed tax, aimed at wealthy residents owning secondary properties valued over $5 million, is expected to generate $500 million annually to help close the city's budget gap.

Impact on Wealthy Residents: The tax is designed to affect ultra-wealthy individuals and global elites who use New York City real estate for wealth storage rather than as primary residences.