Mayor Mamdani’s spending frenzy will lead NYC into a rapid decline
New York Post • • nation
Key Points:
- The author criticizes New York City's young socialist mayor for proposing tax increases on wealthy residents and working-class homeowners before even finalizing his first budget, warning this signals poor governance and economic mismanagement.
- Governor Hochul is seen as part of the problem, having historically supported tax increases and expansive spending that have contributed to the city's fiscal challenges, despite rhetoric about preserving the economy.
- The city's fiscal issues are compounded by an exodus of wealthy residents and businesses to lower-tax states like Florida, reducing the tax base needed to support a growing government and social welfare programs.
- Historical comparisons highlight that previous mayors like Rudy Giuliani and Mike Bloomberg maintained more fiscally conservative budgets that supported economic growth, contrasting with recent large budget increases under
