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      Ramit Sethi Critiques Bill Ackman Over Tax Proposal Response

      Personal finance author Ramit Sethi has publicly criticized Bill Ackman, the founder of Pershing Square Capital Management, following Ackman's opposition to a proposed tax on secondary homes in New York. Sethi expressed his views on X, stating, 'Wealthy people used to build libraries, not post 40,000-word incoherent rants on Twitter.'

      The exchange between Sethi and Ackman was sparked by a post from New York City Mayor Zohran Mamdani, who shared a video supporting the proposed tax aimed at high-end properties. Mamdani's message on X read, 'Happy Tax Day, New York. We're taxing the rich,' highlighting the city's efforts to address wealth inequality through taxation.

      Sethi's remarks reflect a broader conversation about the responsibilities of wealthy individuals in society and their engagement in public discourse, particularly in the context of significant policy changes like the proposed tax.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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