Mamdani Proposes ‘White Homes’ Estate Tax
23rd March 2026
Zohran Mamdani campaigned on a promise to “shift the tax burden from overtaxed homeowners in the outer boroughs to more expensive homes in richer and whiter neighborhoods”. His tenant official Cea Weaver tweeted that she wanted to “impoverish the *white* middle class” because “homeownership is racist”, declared that “private property is a weapon of white supremacy” and warned that, “we’ll transition from treating property as an individual good to a collective good. Whites especially will be impacted.”
Now Mamdani has shown the first sign of implementing these systemically racist proposals.
Hidden at the bottom of the first page of his proposals to increase revenue through various gimmicks and taxes is a call to increase the estate tax “by lowering the exemption to $750,000 from its current value of $7.1 million” and massively raising the “top rate from 16% to 50%.”
Why specifically $750,000? Why is that the magic number? The proposal doesn’t explain but the demographics do: New York is already one of the few states with its own estate tax. Mamdani’s proposed changes to the state estate tax would make it the state that taxes middle class homeowners the hardest.