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.
“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…
Keep reading with a 7-day free trial
Subscribe to The People's Line to keep reading this post and get 7 days of free access to the full post archives.