Stripping the Dying of Their Assets: Mamdani's Latest Proposal Print
By Betsy McCaughey
Wednesday, March 18 2026
The irony is, raising the estate tax would likely be a net revenue loser, costing the state tax dollars instead of increasing them.
If New York City Mayor Zohran Mamdani gets his way, half of everything New Yorkers work a lifetime for – including their homes, their businesses or farms and their savings – could be stripped away on their deathbeds.
No more Empire State; he'd make it the Expropriation State.
Only one thing in life is certain: We all die.
Mamdani is exploiting that certainty to close what he claims is a $5.4 billion city budget gap.
More than that, he aims to undermine the foundations of American life by attacking wealth accumulation, homeownership and private property, per the radical agenda of the Democratic Socialists of America.
Currently, New York is one of a handful of states that imposes a death tax, a 16% levy on estates worth more than $7 million.
https://cfif.org/v/index.php/commentary/61-state-issues/7592-stripping-the-dying-of-their-assets-mamdanis-latest-proposal-
