Mamdani wants to ‘eat the rich’? Then who will be left to feed the city’s ginormous budget?

New York City's budget woes are being spotlighted as politician Zohran Mamdani proposes a new tax on the wealthy, promising big government and collectivism. Critics argue that such measures might leave the city without sufficient revenue to cover its massive budget needs, raising concerns about how the city will sustain its services and infrastructure. This debate underscores the broader tension between progressive taxation and fiscal responsibility, highlighting the potential implications for both the affluent and the city's financial health.