Ken\u00a0Griffin, founder and CEO of the hedge fund and market trading firm Citadel, said on Tuesday he will meet with New York State Gov. Kathy Hochul on Thursday to talk about its \u201cfuture direction.\u201d<\/p>\n
Earlier this month Kathy Hochul\u00a0proposed a new tax\u00a0on second homes worth over $5 million<\/a> that was backed by New York Mayor Zohran Mamdani. The so-called pied-\u00e0-terre tax is aimed at supporting Mamdani\u2019s efforts to close New York City\u2019s budget gap.<\/p>\n Ken Griffin\u2019s Citadel\u00a0hedge fund has objected\u00a0to Mayor Zohran Mamdani\u2019s attempt to use\u00a0Griffin\u2019s name in his push to tax \u200bindividuals from outside the state who own New York City residences. REUTERS<\/p>\n Miami-based hedge fund Citadel\u00a0has objected<\/a>\u00a0to Mamdani\u2019s attempt to use\u00a0Griffin\u2019s name in his push to tax \u200bindividuals from outside the state who own New York City residences.<\/p>\n \u201cI think the willingness of a mayor of New York to make this a policy debate a personal attack, just demonstrated a profound lack of judgment,\u201d\u00a0Griffin\u00a0said during a Norges Bank Investment Management conference in Oslo.<\/p>\n The chief of the $67 billion hedge fund added that he would meet with Hochul to talk about the future direction of New York.<\/p>\n Mamdani, a democratic socialist, last week \u200cfilmed a\u00a0video<\/a>\u00a0titled, \u201cHappy Tax Day, New York. We\u2019re taxing the rich,\u201d in front of\u00a0Griffin\u2019s penthouse<\/a>.<\/p>\n Gov. Kathy Hochul\u00a0proposed a new tax\u00a0on second homes worth over $5 million that was backed by Mamdani.<\/p>\n Mamdani last week \u200cfilmed a\u00a0video\u00a0titled, \u201cHappy Tax Day, New York. We\u2019re taxing the rich,\u201d in front of\u00a0Griffin\u2019s penthouse. X \/ @NYCMayor<\/p>\n \u201cIs New York going to put their fiscal house in order and run itself from a position of strong government that\u2019s pro-business? Why do Americans think we can do socialism?,\u201d\u00a0Griffin\u00a0said.<\/p>\n Citadel\u2019s principals and team members have paid nearly $2.3 billion in city and state taxes over the past five years, Citadel Chief \u200bOperating Officer Gerald Beeson said in an internal memo seen by Reuters last week.<\/p>\n","protected":false},"excerpt":{"rendered":"Ken\u00a0Griffin, founder and CEO of the hedge fund and market trading firm Citadel, said on Tuesday he will…\n","protected":false},"author":2,"featured_media":212686,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[3968,288,17938,426,18649,57,9,24,55,54,56,2780,82],"class_list":{"0":"post-212685","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york-city","8":"tag-billionaires","9":"tag-business","10":"tag-hedge-funds","11":"tag-kathy-hochul","12":"tag-ken-griffin","13":"tag-metro","14":"tag-new-york","15":"tag-new-york-city","16":"tag-new-york-city-headlines","17":"tag-new-york-city-news","18":"tag-ny","19":"tag-taxes","20":"tag-zohran-mamdani"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/212685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=212685"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/212685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/212686"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=212685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=212685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=212685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}