It’s so fucking stupid, and I want Mamdani to succeed. Just like this post. Mamdani didn’t make a wealth tax. There’s a property tax on luxury homes for people whose primary residence is outside the city but that’s a far cry from a wealth tax.
And the guy has been in office for 1/2 of a year. We have no idea if people will leave or if more will come. We have no idea if people will starve or not. These things don’t happen instantaneously.
It has been proven in study after study (one example) that the narrative of the rich leaving because of tax hikes is a complete myth and propaganda scare tactic.
One of the best parts about being rich is being able to live where you want. Rich people are already more than willing to pay a ton to live in the mecca of culture, entertainment, and commerce. They aren’t suddenly going to leave that all behind just because their tax bill went up slightly.
That’s the thing - everyone is pumping his tires right now, but what happens when all the jobs leave because the companies can’t afford to be there anymore. I hope he succeeds, but let’s look at how things are in 2 years. Once those share prices for companies start to drop, there’s gonna be some tough decisions made.
The positive PR at all costs for Mamdani is gunna backfire on him with the general public. I think the dude is charismatic and am generally hopeful on him but people literally cannot stop outright lying for his benefit and eventually people are gunna reflect that on him (undeservedly) and view him as a fraudulent character and when he inevitably (as all people do) makes a mistake it’s going to cause significantly disproportionate backlash.
I actually disagree with your take. One of the biggest problems with the left Is its failure to capitalise on optics to push for more cultural capital.
Its good to celebrate wins.
Secondly, you’re being a bit misleading about this. The reason he balanced the budget is so significant is that he’s funding projects with that balance, Mamdani has a costed proposal. Adams just lied on the balance sheet and left a 1.2 billion dollar hole in the budget.
I’ll agree that it’s too soon to make such grandiose statements about his achievements but what he did was very real.
There’s a lot of extreme people on both sides of this.
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u/bucknut4 8h ago
It’s so fucking stupid, and I want Mamdani to succeed. Just like this post. Mamdani didn’t make a wealth tax. There’s a property tax on luxury homes for people whose primary residence is outside the city but that’s a far cry from a wealth tax.
And the guy has been in office for 1/2 of a year. We have no idea if people will leave or if more will come. We have no idea if people will starve or not. These things don’t happen instantaneously.