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NYC’s New Mayor Wants to Tax the Rich: Is a Billionaire Exodus Next?

Zohran Mamdani 05.25.25 b cropped scaled

Taxation or Vacation? Mayor Mamdani’s $12B Plan to “Save” NYC by Taxing It to Death

the staff of the Ridgewood blog

New York NY, stop us if you’ve heard this one before: A new politician takes office, finds a massive budget hole, and decides the “innovative” solution is to squeeze the city’s top earners until they move to Florida.

Continue reading NYC’s New Mayor Wants to Tax the Rich: Is a Billionaire Exodus Next?