Zohran Mamdani

[Thera32]

I'd love to say this will be conclusively resolved with empirical data soon, but after some checking it seems like Mamdani just doesn't have a chance to push the tax changes through.....

How Do Corporate Taxes Affect Economic Activity?

www.nber.org

"This implies that while business tax cuts may grow the local economy, most of the benefits of the tax cut accrue to relatively wealthy firm owners. In contrast, the burden of higher sales taxes, which are often used to counterbalance the reduction in revenue from business tax cuts, falls disproportionately on lower-income workers."
Corporate tax cuts just make the rich richer and shifts tax burden on the poor, important for the wealthy to keep increasing wealth disparity, which lowers overall growth of economies.

https://www.sciencedirect.com/science/article/pii/S003801212400003X

 

[Gori the Grey]

Seems from this like it mostly just hasn't been tried at all:

Corporate Tax Rates Around the World, 2024

The worldwide average statutory corporate tax rate has consistently decreased since 1980 but has leveled off in recent years. In the US, the 2017 Tax Cuts and Jobs Act brought the country’s statutory corporate income tax rate from the fourth highest in the world closer to the middle of the...

taxfoundation.org

Steady downward slope worldwide since 1980, recently leveling off at a consensus of 20-25%.

 

[Samson]

They are clearly terrified:

Republicans push to strip Zohran Mamdani of US citizenship.

After Zohran Mamdani handily won the New York City mayoral election, becoming the city’s first Muslim and first South Asian mayor-elect, Republican detractors in Washington said they would try to stop him from taking office.

President Donald Trump, who threatened to withhold federal funds to New York City if Mamdani won, lent credence to misleading questions about Mamdani’s citizenship and falsely accused the Ugandan-born 34-year-old of being a communist.

Some Republican lawmakers requested investigations into Mamdani’s naturalisation process and have called for stripping him of his United States citizenship and deporting him, accusing him without evidence of embracing communist and “terrorist” activities.

“If Mamdani lied on his naturalisation documents, he doesn’t get to be a citizen, and he certainly doesn’t get to run for mayor of New York City. A great American city is on the precipice of being run by a communist who has publicly embraced a terroristic ideology,” Representative Andy Ogles from the Republican party said in an October 29 news release, after asking US Attorney General Pam Bondi to investigate Mamdani.

“The American naturalisation system REQUIRES any alignments with communism or terrorist activities to be disclosed. I’m doubtful he disclosed them. If this is confirmed, put him on the first flight back to Uganda.”

 

[Sarin]

The "communist" charge could actually stick. He seems close to the Communist Party of India(Marxist) and used one of their members as example of what should NY mayor be....

 

[danjuno]

They're going to call him one either way, so I don't see how it makes a difference.

 

[Kaitzilla]

They're going to call him one either way, so I don't see how it makes a difference.

Here comes the Washington Post Editorial Board yesterday.

https://www.washingtonpost.com/opinions/2025/11/08/zohran-mamdani-class-warfare-new-york-mayor/

Zohran Mamdani drops the mask

The mayor-elect divides New Yorkers into two groups: the oppressed and their oppressors.

And the 1st paragraph:

A new era of class warfare has begun in New York, and no one is more excited than Generalissimo Zohran Mamdani. Witness the mayor-elect’s change of character since his Tuesday election victory.

At least let him get into office, jeez.

 

[danjuno]

They only call it class warfare when the rich actually get pushback.

 

[Gori the Grey]

Is it warfare if only one side ever wins?