As Zohran Mamdani flexes his frontrunner status in the final seven weeks of the mayoral election, he’s not moderating to ensure his win — but reveling in his leftism.
Despite the business community’s efforts to build bridges with him, Mamdani is ratcheting up his anti-capitalist rhetoric, equating profit with greed and rolling out plans for massive tax hikes, all while refusing to say who might serve in his administration.
Last week, he laid out his radical two-pronged tax hike plan in an appearance at Columbia University, saying he’ll be “raising the top corporate tax rate” to 11.5%, and “raising New York City’s personal income tax rate on the top 1% [of earners] by 2%.”
Up to now, such pledges were a pipe dream.
New York’s mayor has no power to raise such taxes without the consent of