New York's Business Elite Brace for a Taxing Time

Zohran Mamdani, the Democratic frontrunner for New York City's mayoral race, has made his intentions clear to the city's business leaders: higher taxes are coming their way if he wins. He even challenged them to consider leaving the city if they disagree with his plans. During a recent meeting with top business figures, Mamdani stood firm on his policies. He didn't shy away from his stance on taxing the wealthy and businesses. Many attendees left the meeting concerned, with some reportedly already looking for ways to exit the city rather than deal with a potential Mamdani administration. Mamdani's far-left views have long been known. He has openly stated that he believes billionaires should not exist. His vision for New York includes significant changes, such as freezing or cutting NYPD funding, implementing rent freezes, and even having the government take over private businesses like supermarkets. The city's business elite are understandably worried. They fear that Mamdani's policies could drive them out of New York, taking their tax revenue and jobs with them. This could lead to a downward spiral for the city's economy. But what happens if they leave? Where will Mamdani find the money to fund all his proposed initiatives? It's a question that remains unanswered.