Conservatives warned of a mass exodus if the democratic socialist won, but experts, and property data, paint a very different picture

The warnings were stark. If Zohran Mamdani were to win the New York City mayoral election, his plans to raise taxes – slightly – on the city’s wealthiest residents would cause millionaires to bolt en masse, decamping to lower-tax states such as Florida and Texas.

The New York Post, a conservative tabloid owned by Rupert Murdoch, told readers on an almost daily basis through October that New York would effectively become a ghost town under Mamdani’s mayoralty, a propaganda campaign that concluded the day before the election with the bombastic claim that “nearly a million” people were planning to “flee”.

But a month after Mamdani’s historic win, there is no evidence that rich people are leaving the Big Apple. In fact, they seem to be committing to staying in New York.

  • velindora@lemmy.cafeBanned from community
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    5 个月前

    No, and he won’t, because he rode the socialist ticket and will likely be status quo. Only time will tell, but based on history, maintaining that momentum is unlikely.

    • atzanteol@sh.itjust.works
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      5 个月前

      Which… Makes sense right? Like - he’s a democratic socialist but the rest of the city council is not. He’s not a king, he’s a mayor and needs to work with others to bring about change.

      This is a feature not a bug.

      • velindora@lemmy.cafeBanned from community
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        5 个月前

        We will see he falls in line very quickly while setting himself up for success after his time as mayor.

    • WhiskyTangoFoxtrot@lemmy.world
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      5 个月前

      Yep. He’ll be a dissapoinment and he’ll rapidly lose the support of his base. Not necessarily because he’ll be a bad mayor but because, regardless of what he does, he’ll be constrained by the laws of reality. When your base is socialist, reality is never enough.

      • velindora@lemmy.cafeBanned from community
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        5 个月前

        Why hasn’t he given universal healthcare to everyone in the US!!! Huhhhh??? ;)