Mamdani Begs Capitalists At The Adult Table For Help

Submitted by QTR's Fringe Finance

There is something genuinely entertaining about watching a socialist discover the private sector. For years, Zohran Mamdani has treated capitalism less like the engine that keeps New York City alive and more like an unfortunate infestation to be taxed, regulated and occasionally yelled at from the sidewalk outside a billionaire’s apartment.

Now, eight months into running the city, Mamdani appears to have made an ironic discovery: He needs people who know how an economy actually works to help him.

On Thursday, the mayor announced a 15 member Business Advisory Council, declaring that “the doors of City Hall are always open to New York’s business leaders.” How gracious. Apparently someone finally explained to the mayor that the people who build companies, employ New Yorkers, invest billions of dollars and generate enormous amounts of tax revenue might be worth having a chat with before he finishes chasing them out of town.

The problem, of course, is that Mamdani has spent much of his political career giving those same people reasons to wonder whether they should walk through City Hall’s newly opened doors or simply leave New York as quickly as possible in favor of tax and business friendly states like Texas and Florida.

This is the mayor who embraced the standard progressive fantasy that rich people and successful businesses are basically permanent pieces of municipal furniture, put there only for the good of the elected officials in charge to carry out whatever circus of an agenda they can fantasize while wearing a beret and typing out a PowerPoint slide titled “My Version of Utopia” at a Brooklyn coffee shop. The prevailing sentiment was that the rich can be taxed, squeezed and insulted indefinitely and, for some mysterious reason, will never change their behavior.

In just 8 months, Mamdani met reality: New York Told Ken Griffin To Leave...And He Listened

Capital moves. Wealthy taxpayers move. Businesses reconsider investments. Entrepreneurs decide that perhaps their next store, office or headquarters would be easier to open somewhere that does not regard their success as evidence of a crime. Every dollar of investment that leaves New York is a dollar Mamdani cannot tax to pay for the enormous pile of shit he made back when governing consisted mostly of speeches, slogans and finding new things to declare “free.”

Even his government grocery store fantasy has encountered the annoying problem of...(READ THIS FULL COLUMN 100% FREE HERE).