Mamdani Is Destroying The Tax Base His Stupid Ideas Desperately Need
by Tyler Durden
Sunday, Apr 26, 2026 - 02:00 PM
Submitted by QTR's Fringe Finance
When the Fischer-Price My First Mayor™ of New York Zohran Mamdani chose to film a “tax the rich” video in front of a Manhattan penthouse owned by Citadel CEO Ken Griffin, he wasn’t just celebrating “tax day”, he was making a policy argument.
Mamdani was making a choice about his tone (dickish), about targets (“people with more money than me are bad”), and about how the city signals to the very people it depends on to fund its ambitions (“go f*ck yourself and live somewhere else”).
In a city where a relatively small number of taxpayers account for an outsized share of revenue, that kind of signaling is not trivial theater. It’s reckless, petulant, counterintuitive, childish and has consequences. But what else would you expect from a thirtysomething who has zero private sector or real world experience?
Sure, Ken Griffin is an easy symbol. He has extraordinary wealth, a record-setting $238 million apartment at 220 Central Park South, and a business empire that spans global finance. But symbols have a way of flattening reality. The firms he built, Citadel and Citadel Securities, are not abstractions; they are employers, taxpayers, and investors.
https://www.zerohedge.com/markets/mamdani-destroying-tax-base-his-stupid-ideas-desperately-need
