Zohran Mamdani should propose an exit tax on the rich

They're threatening New York City with capital flight, and we can't let them win.

Photo by Reid Naaykens on Unsplash

“It only takes a handful of successful people to leave to decimate the city’s tax base,” billionaire hedge fund manager Bill Ackman said to the Free Press on Wednesday. And he’s right.

A small but obscenely wealthy faction of New Yorkers are threatening to leave the city if Zohran Mamdani, the democratic socialist candid…