Billionaires’ Mamdani-driven exodus: Letters – Latest News
The Issue: Mayor Mamdani’s “tax the rich” antics driving billionaires’ companies out of NYC.
Mayor Mamdani figures that huge business and the wealthy will tolerate his hostility.
This is a false assumption (“Going . . . Zo-ing . . . Gone!” May 7).
In the post-COVID world, we see that firms and the wealthy don’t have to be concentrated in New York City or Chicago.
They can operate anyplace.
Ken Griffin’s Citadel deserted Chicago for Miami, and it’s doing simply advantageous.
Chase Bank has more workers in Texas than in New York.
If they go away, who’s the mayor going to tax?
The reply is: the remaining of us.
Mark Seitelman
Manhattan
There is an previous economics adage: The more you tax one thing, the much less you get of it.
Mamdani thought it was humorous to do a video saying he’ll tax wealthy people like Ken Griffin.
Now, Griffin and Marc Rowan say they may increase their corporations’ employment down south as a substitute of in New York.
New Yorkers aren’t laughing.
Lenny Rodin
Forest Hills
When rich residents and firms start transferring jobs and money out, town loses more than billionaires — it loses the related tax income that funds public providers.
At the identical time, Mamdani retains demanding expanded social applications.
Who might be left to pay for all of it, Mr. Socialist?
Class warfare might win headlines and be the political darling, however it’s a hideous financial strategy.
Anthony Luongo
Oceanport, NJ
Mamdani’s tax-the-rich offensive reveals he’s residing in a vacuum.
The impact might be a loss of metropolis providers, elevated taxes on the center class and a parade of rich job suppliers like Ken Griffin marching out of town.
It is one factor to be an ideologue, however it’s fairly one other for the mayor to have obtained a first-rate schooling and nonetheless be unable to do math.
Jackie Biaggi
The Bronx
Mamdani desires to tax the wealthy, however that’s solely potential in the event that they dwell and work within the metropolis.
Now, two financial titans are preventing back. Griffin and Rowan increasing in different states will value town thousands and thousands.
Socialism by no means works, and that’s very true when there are different choices obtainable to the high-tax-rated people.
Couple that with more metropolis residents heading to different states, and his strategy might finish up being a web unfavorable.
Rob Feuerstein
Staten Island
At some level, the one Gothamites that Mayor Putz Jr. can have left to tax might be these unable to go away town.
Will he then offer them a trip out of city on his free bus?
James Evans
Worcester, Mass.
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The Issue: The sentencing of Emine Ozsoy’s attacker, whose 2023 subway shove left her paralyzed.
When Kamal Semrade intentionally pushed Emine Ozsoy into a transferring prepare, he meant to kill her, as logically discovered by a jury (“Doomed by pure ‘evil,’ ” May 7).
Yet he solely bought 20 years in jail, successfully rewarding his failure to perform his aim.
Had he killed her, he might’ve been sentenced to life.
But Ozsoy nonetheless sits in a wheelchair, struggling bodily and emotionally, which is her own life sentence.
Niles Welikson
Williston Park
Emine will spend her life paralyzed from the shoulders down and utterly depending on 24/7 care.
Semrade deserved 100 years of solitary confinement for this.
Now he might be out quickly, capable of push more people onto the subway tracks.
Carol Meltzer
Manhattan
The sentence ought to’ve been: Semrade will stroll out of jail the day Emine can stroll again, no sooner.
Bruce Collins
Middletown, NJ
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