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Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy (www.foxbusiness.com)
submitted 4 months ago by 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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[–] 2 points 4 months ago (3 children)

"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

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  • [–] [S] -3 points 4 months ago (2 children)

    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.

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  • [–] 2 points 4 months ago (1 child)

    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!

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