May 20, 2026

In a surprising twist in New York City politics, Amazon founder Jeff Bezos has voiced support for a new tax on second homes in the city, a measure pushed forward by Mayor Zohran Mamdani. During a CNBC interview at his space rocket manufacturing facility in Florida, Bezos described the proposed pied-à-terre tax as "a fine thing for New York to do."
The tax targets individuals who own secondary homes in the city valued over $5 million. Despite owning several high-value properties in New York himself, Bezos's endorsement could significantly influence the legislative process, given his status as one of the world's wealthiest individuals.
However, Bezos was not entirely in agreement with Mayor Mamdani, particularly criticizing the mayor’s tactics of singling out wealthy individuals like hedge fund manager Ken Griffin. Bezos condemned Mamdani's decision to film a social media video outside Griffin's penthouse to promote the tax, stating, "To go stand in front of Ken Griffin's house and act like he's some kind of villain — that isn't right."
This stance has sparked a broader debate among business leaders and has even led Griffin to threaten halting a $6 billion office development project in the city.
Despite his support for the pied-à-terre tax, Bezos expressed skepticism about further tax increases on the wealthy, as proposed by Mamdani. He argued that such measures would not necessarily improve public services like education, pointing out the high spending per student in NYC's public schools without corresponding results.
Instead, Bezos suggested tax relief for lower-income earners, emphasizing the burden on middle-class workers such as nurses in Queens who face significant tax obligations.
During the interview, Bezos also touched on broader issues, reflecting on his decision to cancel Amazon's HQ2 project in Queens following opposition from local politicians and activists. He reiterated his commitment to providing good employment opportunities, stating, "Amazon, we have our entry-level wage for, in Queens, is $23 an hour."
In response to Bezos's comments, a spokesperson for Mayor Mamdani declined to comment directly but noted Mamdani's previous statements advocating for the tax reforms. The mayor has also faced criticism from some sectors for his approach to engaging with business leaders and managing city affairs.
As this political drama unfolds, the implications of Bezos's endorsement and the ongoing debates about taxation and economic policy in New York City continue to resonate across political and business communities. The city stands at a crossroads, with decisions made now potentially reshaping its economic landscape in the years to come.