New York City’s new mayor-elect, Zohran Mamdani, wasted no time signaling his priorities. Just days after his victory on November 4, he assembled a transition team featuring Lina Khan, the antitrust enforcer who built her reputation battling corporate giants during her time at the FTC. Khan’s role, alongside a photo op with Senator Elizabeth Warren, paints a clear picture of the administration ahead—one fixated on punishing success rather than fostering it.
Warren captioned that image with her trademark flair: “Tax the rich. Billionaire tears not included.” The trio’s meeting came as Mamdani pushes to hike the state’s corporate tax rate from 7.25% to 11.5%, a move Governor Kathy Hochul has shown openness to despite the potential fallout. This would be a tremendously glaring and disastrous direct assault on the engines of growth that keep the city alive.
Ocean City will be a ghost town too due to constant taxes
I sure hope so!!! That would be great to have a peaceful summer when locals could go and enjoy the beach.
Upstate NY is going to be taxed into oblivion to support a no-win social experiment in NYC. Stupid and self defeating.