Looks Like Mamdani’s New Wealth Tax Is Hitting Wealthy Democrats Who Voted For Him
Looks Like Mamdani’s New Wealth Tax Is Hitting Wealthy Democrats Who Voted For Him
Posted July 31, 2026
The New York Post beat everyone to the perfect headline: “Pied-à-Terror.” They were right. And it keeps getting worse.
Mamdani sold his pied-à-terre tax as a surcharge on wealthy second homes valued at over $5 million. Then New Yorkers discovered it also applies to co-ops and condos valued at just $1 million. Then they discovered the searchable database of 960,000 names and addresses he published online — which a Democratic strategist correctly identified as a potential target list. And now, with the August 21 deadline looming for property owners to prove their home is their primary residence, New Yorkers are discovering the exemption process itself is a bureaucratic nightmare that appears designed to maximize failure.
In other words, Mamdani lied – again – and his tax will be hitting some of the very wealthy idiot Dems who voted for him. You can’t make up this kind of karma.
Karen Young has lived in her Upper West Side brownstone for 30 years. She spent three hours beginning the exemption process. The documents she uploaded weren’t saved. She has to start over. She needs her ownership title from her estate lawyer — whom she’ll have to pay — to continue. If she doesn’t complete the process by August 21, she owes $42,824. This year. As an annual surcharge. On the home she has lived in for three decades.
And she’s just one example. There are tens of thousands more.
The 30-day window is its own tell. The notices went out during the quietest month of the year in New York City — when half the people receiving them are away on vacation, when their accountants and estate lawyers are harder to reach, when uploading documents and navigating a broken government portal is the last thing anyone is thinking about. This wasn’t an oversight. This was a deadline engineered to maximize confusion and maximize collections.
Here is the architecture of what Mamdani is actually building, stated plainly. His housing advisor has publicly stated that private property should be abolished. His rent freeze was rigged by a board he stacked with his own appointees, with one member resigning in protest before the vote. He published the names and addresses of nearly a million homeowners he has spent months vilifying as class enemies. And now he has created a tax with an impossible exemption process and a 30-day deadline specifically designed to sweep up people who have every right to be exempt.
Democratic Socialists don’t seize property with armed guards. They create convoluted laws, impossible paperwork, and exorbitant fines. Then they use the fines as grounds for confiscation — legally, bureaucratically, with plausible deniability at every step.
This is what that looks like in practice.
New York City voted for this. The rest of America should take notes.
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Posting as GuestCBS Host LOSES IT After Sen. Kennedy FACT CHECKS Her Trump LIES… THIS GOT BAD!...
CBS Host PRESSES John Kennedy on Trump’s Spending — His Answer Takes an Unexpected Turn
The interview began with some of the biggest questions facing Washington: the conflict with Iran, rising fuel costs, and the approaching midterm elections. But when Republican Senator John Kennedy appeared on Face the Nation with CBS host Margaret Brennan, the conversation quickly moved toward an issue that could shape the political debate for months to come: how the government spends taxpayers’ money.
Kennedy did not pretend that the economic pressure facing American families was insignificant. He argued that voters were far more concerned about the cost of living than the daily battles playing out on television. With oil prices affected by disruptions around the Strait of Hormuz, he said, the consequences of foreign policy were reaching directly into household budgets.
Kennedy Brings the Conversation Back to Affordability
Kennedy’s message to the White House was unusually direct. He predicted that the midterm elections would be close and argued that Republicans needed to keep their attention on the financial concerns of ordinary Americans.
“When moms and dads lie down to sleep at night and can't,” Kennedy told Brennan, they are worried about the cost of living.
He also called for a nationwide address explaining why the United States entered the conflict with Iran, what the administration hoped to achieve, and how it intended to bring the situation to a conclusion.
His position was not a blanket rejection of the administration’s strategy. Kennedy defended continued pressure on Iran while acknowledging the economic consequences of the partially closed strait. He opposed sending American troops into the situation, warning that deploying them could create a new set of problems.
That combination—support for pressure abroad alongside concern about prices at home—set the tone for the rest of the interview.
Nearly $1 Billion in Cuts Sparks a Constitutional Dispute
The conversation became more pointed when Brennan asked about the White House’s decision to cancel nearly $1 billion in previously approved federal funding without congressional consent.
Brennan raised concerns expressed by Senator Susan Collins, the Republican chair of the Senate Appropriations Committee, who argued that the move threatened Congress’s constitutional authority over federal spending.
Kennedy disagreed.
“I love Susan like a taco, but she's wrong,” he said before explaining his view that Congress often appropriates money in broad categories, leaving agencies with considerable discretion over how funds are ultimately used.
He then deployed the phrase that would become the interview’s most memorable sound bite: “Spending porn.”
Kennedy used the expression to criticize what he considers wasteful government expenditures, pointing to funding for circumcision programs in Zambia and electric buses in Rwanda. He also argued that Congress should take greater responsibility for identifying and eliminating spending it believes is unnecessary.
But the disagreement was about more than whether particular programs were worthwhile. It raised a larger question: when Congress approves funding, how much authority should the executive branch have to cancel or redirect it?
Kennedy defended the cuts, while Brennan’s question highlighted the legal and constitutional objections. The interview did not resolve that dispute, but it brought the competing arguments into sharp focus.
Then Kennedy Turned the Standard on Trump
The most revealing moment came when Brennan shifted from the proposed cuts to taxpayer-funded advertising.
She asked Kennedy about a government-funded commercial prominently featuring President Donald Trump and praising his leadership. The question echoed earlier controversy surrounding former Homeland Security Secretary Kristi Noem, whose department had spent $220 million on a border-security advertising campaign in which she appeared prominently.
Kennedy had previously criticized Noem’s campaign. Now, with Trump featured in another advertisement paid for by the federal government, Brennan asked whether that spending was appropriate.
Kennedy’s response was notable because he explicitly included his own political allies—and himself—in the principle he was defending.
“I don't think any public official, including President Trump or Kristi Noem or John Kennedy, should spend public money on private ads for themselves,” he said.
He acknowledged that the White House viewed the issue differently but argued that public funds should not be used to promote individual politicians. He also suggested that politicians should not have buildings named after them while they are still alive.
That answer complicated any attempt to portray his position as simply a defense of the administration. Kennedy supported the proposed spending cuts, but he also applied his criticism of taxpayer-funded self-promotion to Trump.
The Real Takeaway From the Interview
The exchange was not a shouting match, nor does the published transcript establish that Brennan lost her composure or that Kennedy fact-checked a series of false statements from her. What it does show is a pointed discussion about economic priorities, congressional spending authority, and whether public money should be used to enhance a politician’s image.
Kennedy’s argument was straightforward: families are worried about affordability, government spending deserves scrutiny, and the rules should apply regardless of party.
Whether viewers agree with his assessment of the proposed cuts is a separate question. The legal dispute over executive spending authority and the debate over taxpayer-funded political advertising deserve examination beyond a few memorable television lines.
The moment worth watching is when Brennan moves from criticizing government spending in general to asking Kennedy about an advertisement featuring Trump himself. That is where the discussion becomes more complicated—and where Kennedy’s stated principle is tested against his own party’s leadership.
Watch the full interview through the link below to hear the exchange in context and decide how convincing each side’s argument really was.
