Source: The Dispatch
by Scott Lincicome
“Zohran Mamdani’s recent victory in New York City’s mayoral race has sparked a debate about whether the city’s billionaire class will abandon Gotham once and for all. … Since Mamdani’s big win, some of those billionaires have already walked back their threats, and several commentators have gleefully noted that the rest of the city’s elites need — or simply love — NYC too much to abandon it for greener, cheaper pastures. Yet this focus on the city’s billionaire class mostly misses the point. Aside from the most extreme and unrealistic of Mamdani’s wealth-confiscating plans, the flight risk arising from his proposals was never about billionaires; it was about their employees — the higher-earning New Yorkers who can’t easily absorb the higher costs and greater inconveniences that Mamdani’s plans will produce but can move to places, near and far, where life is a little easier.” (11/12/25)
https://thedispatch.com/newsletter/capitolism/mamdani-policies-taxes-wealthy-child-care/