For 13,000 years, alcohol was humanity’s drug of choice. But Gen Z seems to have found something cheaper, more addictive, and “guilt free”.
Sobriety, Scrolling, and Substance Abuse — all in my latest newsletter. Link in bio.
*drum roll* 🥁
TOUR GUEST REVEAL PART 1:
LA: CEO of @netflix@tedsarandos
Chicago: Gov. of Illinois @jbpritzker
New York City: Founder of SkyBridge @scaramucci
Prof G Markets Tour kicks off in under two weeks. Get your tickets via our bio now.
New York’s Second-Home Tax Is Smart Policy
The wealth tax debate is escalating. Billionaire investor and Citadel CEO Ken Griffin is now publicly feuding with New York City Mayor Zohran Mamdani over a proposed pied-à-terre tax.
If passed, it would levy a new annual fee on properties worth more than $5 million that are not used as a primary residence.
The tax, which New York Gov. Kathy Hochul has included in the state’s tentative budget, would raise approximately $500 million annually, per the city comptroller.
Montana and Florida are also reportedly exploring measures that would increase taxes on second homes.
To get the full story head to the link in our bio now.
