Mamdani’s proposal, titled ‘Stop the Squeeze on NYC Homeowners,’ outlines his strategy to adjust tax rates and assessment percentages in an effort to address the supposed imbalance in property taxation across different neighborhoods. The policy notes that homeowners in wealthy areas ‘pay less than their fair share,’ and proposes changes to tax rates to ensure a more equitable distribution of the tax burden. Mamdani’s stance on billionaires has drawn criticism, with some opponents arguing that the plan may disproportionately affect affluent residents. In an interview with NBC’s ‘Meet the Press,’ Mamdani emphasized that the language of his proposal is an observation of the current state of the city’s neighborhoods and is not intended to be racially motivated. The mayoral candidate has also faced criticism for being too extreme, with some calling his policies unrealistic. Despite the backlash, Mamdani remains committed to his vision of a more equitable tax system and a city free of billionaires.