OnThePoint commentary by Greg C. Truax airs each week on WHBO AM 1040.
Opinion
Welcome back to OnThePoint, I’m Greg C. Truax
New York City just elected Democratic socialist Zohran Mamdani mayor, and his platform reads like a shopping spree: rent freezes, city-owned grocery stores, fare-free buses, and no-cost child care—paid for by higher taxes on corporations and the top 1 percent.
Here’s the catch: the top 1 percent—only 41,000 filers—already pay over 40 percent of the City’s income taxes. Push them harder and they’ll hire a moving truck.
Nearly a million New Yorkers said they would leave if Mamdani won; 533,000 departed the city in the last three years for states like Florida.
You don’t grow a city by chasing away the very people who fund it.
From the NewsTalk 1040 studios, I’m Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.