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.cafe
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    15 hours ago

    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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      14 hours ago

      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.cafe
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        12 hours ago

        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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      8 hours ago

      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.