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No, New York City’s wealthiest are not fleeing the city after Mamdani’s win

07.12.2025 15:00 | The Guardian World

Conservatives warned of a mass exodus if the democratic socialist won, but experts, and property data, paint a very different pictureThe 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”. Continue reading...

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