Mamdani's 'Millionaire Home Tax' Reveals New York's Big 'Ghost Cars' Problem New York City Mayor Zohran Mamdani's proposed millionaire home tax has sent shockwaves through the city, but beneath its surface lies a more insidious issue: widespread registration loopholes and ghost cars.
These practices not only evade tax compliance and insurance regulations but also raise uncomfortable questions about residency claims and the notion of home.
At first glance, Mamdani's proposal appears to target wealthy elites who own secondary residences in New York City. However, its true significance lies in shedding light on a long running issue known as "garage fraud.