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Author Topic: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole  (Read 143 times)

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Online mystery-ak

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Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« on: January 29, 2026, 09:35:09 am »
Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
January 29, 2026 | Chris Donaldson

New York City Mayor Zohran Mamdani is calling for a tax hike on the wealthy and corporations as Gotham faces a mammoth budget deficit of more than $12 billion now that he has settled into City Hall.

“We are speaking about a fiscal crisis at a scale greater than the Great Recession,” Hizzoner said at a Wednesday press conference. “And so there will not be one single thing that can answer that crisis. It will require us to pursue every single avenue.”

“That means looking inward into savings and efficiencies,” he continued. “That also means raising taxes on the wealthiest New Yorkers and the most profitable corporations, and it means recalibrating the relationship with the state.”


https://twitter.com/EricLDaugh/status/2016595774839120237

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https://www.bizpacreview.com/2026/01/29/mamdani-set-to-tax-the-rich-until-they-scream-as-nyc-looks-to-plug-mammoth-budget-hole-1618969/
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Online mountaineer

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #1 on: January 29, 2026, 09:44:14 am »
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Offline DefiantMassRINO

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #2 on: January 29, 2026, 09:49:41 am »
It's the fault of the rich for still being domiciled in NYC.

The unwashed masses have given up on Dem Party, GOP, and private market capitalism.  You could see this Kommie Krazy Train coming from a mile away.
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Online mountaineer

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #3 on: January 29, 2026, 09:58:50 am »
It's all in how he defines "wealthy." Joe Schmoe New Yorker, making $100K per year, is going to get screwed, too.
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Offline Kamaji

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #4 on: January 29, 2026, 10:51:47 am »
Quote from: mountaineer on January 29, 2026, 09:58:50 am
It's all in how he defines "wealthy." Joe Schmoe New Yorker, making $100K per year, is going to get screwed, too.

Yup.  But those of us who just work in NYC but live outside it won’t get hit with this tax.  NYC is not allowed to tax commuters!
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Online IsailedawayfromFR

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #5 on: January 31, 2026, 10:27:23 am »
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Offline Smokin Joe

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #6 on: January 31, 2026, 02:57:24 pm »
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The problem with Socialism is that sooner or later you run out of other people's money.
Margaret Thatcher
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Offline Hoodat

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Re: Mamdani set to tax the rich until they scream as NYC looks to plug mammoth budget hole
« Reply #7 on: January 31, 2026, 03:00:02 pm »
Tax the rich.  Feed the poor.
Until there are no rich no more.
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