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Mamdani and the leftist mayors — 8 Comments

  1. I don’t think the New York City council has the authority to enact an estate tax. That lies with the state legislature. They do have a special dispensation which allows an income tax and a commuter tax not found in the rest of the state.

  2. I’d love to see how they come up with that $4 billion revenue estimate. Perot’s “giant sucking sound” will be all the people leaving NYC if that is enacted, and the collapse of property values, and of tax revenues along with them. Mamdani has the economic sophistication of a 12-year-old.

  3. Per the Post article, this would be a change to the STATE’s tax system, not just NYC. So Neo’s discussion on the last two paragraphs has that much more force.

    I was thinking that NYC accounted for a majority of the state’s population, such that the statewide law could pass relatively easily. But per AI, at least, the city’s representatives in the state legislature account for about 43% of the total seats (in each house).

    I would imagine that non-NYC representatives would resent such a bill, but maybe the democrats outside NYC go along with such proposals.

  4. “From each according to his means, to each according to his needs.”

    Lyndon Johnson used to say this all the time. Actually, “the greatest good for the greatest number.” No different in practice.

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