NYC wants to tax the ultra-wealthy’s second homes
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📝 Description
Episode 826 discusses several contemporary business and financial topics. A significant focus is placed on New York City's proposed pied-à-terre tax aimed at second homes valued at $5 million or more, framed as a measure to increase revenue from high-net-worth individuals. The discussion also covers a report from Yale University urging the institution to refine its mission and expand tuition-free eligibility criteria. Additionally, the segment features the regular 'Stock of the Week' and 'Dog of the Week' analysis, noting the S&P 500 reaching record highs amidst broader market considerations, including the situation surrounding LIV Golf potentially facing closure.
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