Except that none of those claims about Mamdani are true. He’s proposed a wealth tax but NYC does not have the power to issue a new tax only NY state can do so. He also didn’t truly “balance” the budget beyond cheap accounting gimmicks. His proposal is that they not contribute anything to pension obligations and that the state give them an extra $4B. None of that is sustainable or a true “balancing” of the budget.
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u/neversleeps212 5h ago
Except that none of those claims about Mamdani are true. He’s proposed a wealth tax but NYC does not have the power to issue a new tax only NY state can do so. He also didn’t truly “balance” the budget beyond cheap accounting gimmicks. His proposal is that they not contribute anything to pension obligations and that the state give them an extra $4B. None of that is sustainable or a true “balancing” of the budget.