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How a Millionaires’ Tax Would Only Make New York City More Expensive

Summary by Free the People
Socialist Zohran Mamdani calls Capitalism theft. But his radical tax hikes will only hurt the middle class. NYC Democratic Mayoral Candidate Zohran Mamdani has promised to make the Big Apple more affordable for lower income New Yorkers. How does the 33-year old, self-described democratic socialist plan to make life cheaper? Well, by taxing billionaires and making them “pay their fair share.” There’s just one problem the billionaire-backed assemb…
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Free the People broke the news in on Wednesday, July 30, 2025.
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