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submitted 2 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Conservatives warned of a mass exodus if the democratic socialist won, but experts, and property data, paint a very different picture

The warnings were stark. If Zohran Mamdani were to win the New York City mayoral election, his plans to raise taxes – slightly – on the city’s wealthiest residents would cause millionaires to bolt en masse, decamping to lower-tax states such as Florida and Texas.

The New York Post, a conservative tabloid owned by Rupert Murdoch, told readers on an almost daily basis through October that New York would effectively become a ghost town under Mamdani’s mayoralty, a propaganda campaign that concluded the day before the election with the bombastic claim that “nearly a million” people were planning to “flee”.

But a month after Mamdani’s historic win, there is no evidence that rich people are leaving the Big Apple. In fact, they seem to be committing to staying in New York.

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[-] givesomefucks@lemmy.world 1 points 2 months ago* (last edited 2 months ago)

What?

Everyone wealthy enough to pay those taxes can afford to pay those taxes.

Saying they can't is a lie to the non-wealthy. And I honestly didn't think anyone was naive enough to fall for that.

But apparently you all really thought the richest people in NYC were gonna have to leave due to taxes?

[-] ronigami@lemmy.world 5 points 2 months ago

The wealthy will remain the wealthy one way or the other. The only difference is whether they imagine themselves as becoming poorer or if they imagine themselves as being high status.

Either way it will be the same people. The question is whether you can manufacture consent.

this post was submitted on 07 Dec 2025
461 points (98.3% liked)

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