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‘NYC is cooked’: Business leaders and Wall Streeters erupt over proposed luxury second-home tax

Finance April 17, 2026

A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures. Loading audio narration… “NYC is cooked,” wrote Austin-based entrepreneur Jason Calacanis in a post on X, capturing a wave of alarm among investors, executives, and conservative commentators after Gov. Kathy Hochul and…

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‘NYC is cooked’: Business leaders and Wall Streeters erupt over proposed luxury second-home tax

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