Which Is it? Mamdani or Mamdummy?
You have a 12 Billion dollar New York City budget short fall so you think it is smart to raise real estate taxes, taxes on corporations and the rich.
That is a formula for disaster and we could go the way of Detroit who tried something similar. Mam dummy,you are chasing corporations out of the city to tax friendly states and are losing your tax base. Economics 101. When you lose that there is an avalanche of secondary and tertiary issues and losses of revenue that cause additional problems.
As corporations leave the city, jobs and tax revenue follow, office buildings and apartments go empty. People sell their houses because they are out of work and can't pay the mortgages or rent and are forced to move to tax friendlier states where those corporations fled to along with the jobs....
