Why Zohran Mamdani is threatening to soak the middle class if he can’t tax the rich

In an effort to curb the city’s projected $5.4 billion budget shortfall, newly elected New York City Mayor Zohran Mamdani is offering an ultimatum to New York Gov. Kathy Hochul: either tax the ultra-wealthy, or the middle class is going to pay the bill. The mayor announced t...

🔗 Read more: https://fortune.com/2026/02/18/nyc-mayor-zohran-mamdani-suggests-middle-class-homeowners-property-tax-hike/

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