New York City Mayor Zohran Mamdani has announced a new tax on luxury apartments, which he will use to fund free programs for those who do almost no work. New York’s socialist mayor, Zohran Mamdani, announced this week that he is making good on his campaign promise to tax the rich. Like all socialists, Mamdani claims that the rich do not pay their “fair share,” a claim contradicted by the data. In effect, wealthy taxpayers pay almost all of the taxes in New York City, while the lower 50% not only pay almost nothing but also receive government benefits. The lower 30% of NYC residents do almost no work. This is supported by Census Bureau data showing that the lowest income quintile in New…
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