“A $12.6 billion deficit looms, so what does the mayor do? He chases money out the door. Zoran Mandani is locking the city into financial chaos” “Jamie Dimon is warning Mandani's proposed tax increases mean lower returns on capital, less competitiveness and individuals vote with their feet. You can already see a fairly large exodus of people and jobs." “Mamdani made promises to get elected and now he finds he can't keep those promises because he hasn't got the money.” Here is the list: “A huge increase in corporate taxes, an extra tax on incomes over a million dollars a year. You know, when you throw in state and federal taxes, the government's taking more than half of your income if you make real good money.” “Raise the top estate tax from 16 to 50 percent. Oh, that means the government will take half of what you spent a lifetime accumulating.” “A bright young man running a strong social media campaign convinced voters that the rich and big business must be reigned in. What a mistake.”(Wall Street Mav)