New York real estate titan likens the phrase ‘tax the rich’ to racial slurs

Steve Roth was responding to the announcement by New York’s mayor of tax on second homes worth more than $5mSign up for the Breaking News US newsletter email The phrase “tax the rich” can be “just as hateful as some disgusting racial slurs”, according to New York City billionaire Steve Roth, who said that the top 1% should be “praised and thanked”.Speaking on his company’s quarterly earnings call on Tuesday, Roth, the CEO of Vornado Realty Trust, expressed his support for fellow billionaire and...