New York, already the most highly taxed combined city and state in the nation, can ill afford to force out businesses and high-income residents who cover the lion’s share of tax revenues that provide vital livelihoods and services for everyone else.
But that’s a costly certainty that will result from big tax and spend vows of leading mayoral candidate Zohran Mamdani including free buses, free babysitting, and $100 billion for free apartments.
And don’t forget to throw in rent freezes which will bankrupt small landlords and send large ones packing, then evacuating to, friendlier economic climes.
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