As we told you yesterday, New York City under Mayor Zohran Mamdani is facing a multibillion dollar budget gap, and the new mayor reportedly plans to bridge that gap with -- you guessed it -- tax increases on both income and property. Mamdani's also calling for taxes on the "ultra wealthy" to be raised in the entire state, which would chase away any remaining rich people in New York as people flee the "warmth of socialism."
You probably have already correctly guessed that cutting the insane amount of spending is NOT an option that is on the table for Mamdani.
Here's a little perspective on Mamdani's budget proposal ...
Geiger Capital (@Geiger_Capital) ~ Zohran Mamdani just proposed a preliminary budget of $127 Billion for NYC.
The entire state of Florida is $117 Billion.

Ron DeSantis (@RonDeSantis) ~ FL = 23+ million people. NYC = 8 million people.
The "warmth of socialism" comes with one heckuva per capita price tag!
WTF!? Ron DeSantis Puts Mayor Mamdani's NYC Budget Proposal Into 'Warmth of Socialism' Perspective
http://twitchy.com/dougp/2026/02/18/wtf-ron-desantis-puts-mayor-mamdanis-nyc-budget-proposal-into-warmth-of-socialism-perspective-n2425134

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence