Good Government Backsliding

One of Zohran Mamdani's signature policy initiatives just launched -- a tax on pied-à-terres. The tax would apply to second homes (i.e., those not occupied as a primary residence) worth over $1 million . I won't claim to be a housing (or tax) policy expert, but this seems perfectly reasonable to me. Admittedly, given the cost of NYC real estate a one million dollar home maybe isn't as opulent as…