Here's a New York City Millionaire and Why He Wants His Taxes Raised

Key Points:

• Andrew Tobias, a New York City millionaire and financial writer, supports higher taxes on the wealthy and is part of the Patriotic Millionaires advocacy group, emphasizing that successful taxpayers should be celebrated rather than vilified.
• New York Mayor Zohran Mamdani has pushed for increased taxes on the wealthy, including a pied-à-terre tax on second homes over $5 million, a move met with resistance from some wealthy residents like Citadel CEO Ken Griffin.
• Tobias, who owns multiple properties in New York and Miami, pays substantial city and state taxes and directs significant funds to charitable and political causes, expressing satisfaction in giving away money rather than avoiding taxes.
• After a tax dispute in the 1980s led Tobias to move to Miami for 25 years, he returned to New York to be near loved ones and accepts the high taxes as part of living in a city he values deeply.
• Known for his frugality in daily life but generosity in philanthropy, Tobias remains politically active, supporting education and conservation nonprofits, and continues to advocate for progressive causes.