NYC Braces For The Mamdani Cash Grab – OpEd |
Call it the least surprising turn of events, but newly ensconced New York City Mayor Zohran Mamdani is facing a budget decision that will almost certainly impact those he claims to represent. In the wake of his first city budget, the mayor detailed a massive shortfall that he claimed could only be handled by following one of two “paths.”
One is the go-to socialist response: tax the wealth producers to extinction. And if that fails, the counterstrike is to tap the very folks who put him in office on a wave of “affordability.”
“There are two paths to bridge the city’s inherited budget gap,” Mamdani declared. “The first path is the most sustainable and fairest: raising taxes on the wealthiest and corporations, and ending the drain by fixing the imbalance between what the City provides the State and what we receive in return,” he pitched. And then came the kicker:
“If we do not go down the first path, the City will be forced to go down a second, more harmful path of property taxes and raiding our reserves — weakening our........