Zohran Mamdani’s Plan to Punish the Rich Will Bleed New York City
What happens when you “tax the rich”… and the rich leave? In this episode of The Real Story, we break down Zohran Mamdani’s plan to raise taxes — and why the outcome may be the opposite of what people expect.
Here’s the reality: New York has already lost more than $500 billion in income. Over 125,000 residents have moved to Florida, taking billions with them. And the top 1% still pays over 40% of all income taxes. So what happens if more of them leave? You don’t just lose the rich. You lose the revenue. You lose the jobs. You lose the businesses that support entire communities. That’s not…
The skinny
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