This is ridiculous. If people are willing to put in the hours of work, and put up with the stress, to make the kind of money it takes to live in a penthouse with marble floors and golden toilets, then good on them! Penalizing people for hard work in a round about way seems pretty silly in my opinion.
I have heard of this sort of thing before, and it is being implemented in London as well as France. This sort of legislation is aimed at discouraging people from becoming successful and telling those who are to leave immediately. There is no other purpose other than unfair treatment of citizens. No tax should be levied on the basis that some people have worked harder than other and that a few of those people have inherited all their wealth.
Primary residences that do not live in luxury homes should not be given a luxury home tax increase. The wealthy people that actually own those luxury homes should be the only ones given this tax increase. If the wealthy want to live in a luxury home, they can pay the luxury home tax themselves. The average primary residences might not be able to afford a increase in taxes like the luxury home tax.
If you live in New York, and you live in an average family home without all of the perks, then you should be excluded from the tax increase on luxury homes. Why should any resident pay extra for something they don't have. This tax increase should only be implemented on home owners that can afford to live in an upscale neighborhood and lives a luxury lifestyle, this includes their home.
No, the luxury home tax increase should apply to primary residents of New York City. It is probably more relevant that income be used as the means by which the luxury tax is implemented. It would make no sense to allow high income home buyers to skip out on the luxury tax simply because they are primary residents.
No, primary residences in the city of New York should not be excluded from a luxury home tax increase. A luxury home tax increase should apply to all residences that are deemed luxury homes regardless of primary residence or not. To only tax secondary house owners would cause them to find an alternative location for their secondary homes.