New Yorkers keep hearing the slogan “tax the rich.”

But take a closer look at what’s actually being proposed.

Mayor Zohran Mamdani is pushing a plan to slash the estate tax threshold from $7 million to $750,000 while raising the top estate tax rate to 50%.

Let’s be serious.

In New York City, $750K is not a mansion.

That’s a regular home in many neighborhoods.

Which means this policy wouldn’t just hit billionaires.

It could hit the transit worker in Queens.
The teacher in Staten Island.
The NYPD officer in the Bronx.
The FDNY firefighter in Brooklyn.
The sanitation worker who worked 30 years to buy a home.

For most working families in New York, their home is the biggest asset they will ever own.

And when policies make it harder to pass that home down to their children…

That’s how generational wealth disappears.

So the real question isn’t the slogan.

The real question is this:

When politicians say they’re targeting the rich…

But their policies hit working homeowners across New York City…

Who are they really taxing?

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