It is only because I am perpetually online that I recognise the name “Mamdami” and know who he is. Politically in Australia, the new(ish) mayor of New York is not a figure. I can only assume this headline is trying to get attention - even international engagement.

Rather than hanging the potential policy on a foreign name, let’s outline what the actual plan is.

… a new land tax bracket on investment property holdings worth more than $5m, with the proceeds helping to fund a doubling of public housing and the scrapping of stamp duty for first home buyers.

Under the plan, from 1 January 2027, affected properties would face a base charge of $100,000 plus a 5.3% rate on land value above the threshold. The policy, costed by the Victorian Parliamentary Budget Office, would raise about $1.46bn by 2028/29 or $6.4bn over a decade.

As the Greens are not in power, and don’t have the ability to pass such a bill, this is all just a pipe-dream. Even should the Greens win the state election in November, there is 0% chance of getting such a policy in-place by Jan 1.

They’re much easier to support when they have realistic goals.