While much of our Golden Age seems to depend upon AI; we've never had a Legitimate improvement emanate from Communism
Since being elected, Mamdani’s administration has said it will look at every viable option to help raise revenue and fill a $5.4 billion budget deficit for the city, but his preference has not changed from what he ran on: “tax the rich.” That has resulted in a political standoff with New York State Governor Kathy Hochul, who facing her own reelection campaign, has said she will not approve increased taxes on corporations and the wealthy.
“It’s a fragile environment today and we should be careful with this budget,” said Steven Fulop, Partnership for New York City president and CEO, on CNBC’s “Squawk Box” Monday. His group represents corporate, investment, and entrepreneurial firms. In an op-ed he co-authored last week, Fulop warned that any plan to tax the rich and businesses will ripple through the cost...