New York BROKE: $12B Hole Sparks 2008 Crash Fears as Socialists Demand MORE TAXES!
Failed to add items
Add to cart failed.
Add to wishlist failed.
Remove from wishlist failed.
Follow podcast failed
Unfollow podcast failed
New York BROKE: $12B Hole Sparks 2008 Crash Fears as Socialists Demand MORE TAXES!
-
Narrated by:
-
Written by:
About this listen
New York City's new socialist mayor just announced his brilliant solution to a $12 billion deficit: tax the rich into oblivion and hope they don't notice. Mayor Zoran Mdani wants to slap a 2% tax hike on millionaires while promising $10 billion in freebies—universal childcare, free buses, the whole progressive wishlist. Meanwhile, he's citing a study claiming wealthy New Yorkers leave at one-fourth the rate of other income brackets. Does that honestly make sense when socialists are actively painting targets on their backs? We break down the mayor's blame-shifting strategy, his refusal to cut a single bloated program, and the uncomfortable fact that the top 1% already pays 40-48% of NYC's tax revenue. What happens when those private planes start heading to Florida? Spoiler alert: the middle class gets stuck holding the bag. Is this fiscal policy or fiscal suicide? Will New York's millionaires stick around to fund the socialist experiment, or are we watching the beginning of a mass exodus?