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Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy (www.foxbusiness.com)

submitted 3 days ago by realcaseyrollins@hilariouschaos.com to c/finance

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Billionaire CEO warns middle-income professionals and small business owners could leave the city

https://www.foxbusiness.com/media/mamdani-tax-break-proposal-sparks-fears-business-leaders-warn-fragile-nyc-economy

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[-] Mandarbmax@lemmy.world 2 points 2 days ago

"Billionaire CEO warns middle-income professionals and small business owners could leave the city"

I'm talking about the threat that people other than the ultra wealthy would leave

[-] realcaseyrollins@hilariouschaos.com -2 points 2 days ago

Unless the infrastructure is rapidly improved, the housing crisis is swiftly solved, or taxes are lowered, I don't think anyone has the power to stop that from happening.

[-] Mandarbmax@lemmy.world 2 points 2 days ago

Good news! He isn't raising taxes on the working class, he is working on infrastructure (filling a thousand pot holes in a day for example), and his tax on second homes will help with housing! You should be elated!

[-] realcaseyrollins@hilariouschaos.com -3 points 2 days ago

I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work.

this post was submitted on 30 Apr 2026

-5 points (14.3% liked)

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