Mayor Zohran Mamdani is already short of funds for his socialist dream for New York City. Like a true communist, his plan is to increase taxes on homeowners while raiding retirement and healthcare funds. Ironically, communists are supposed to support the working man, but in reality, they support the non-working man who needs more money from the working man to keep from having to work.
On February 17, 2026, Mayor Mamdani presented his first preliminary budget and framed the city’s finances as a choice between two paths. He delivered an ultimatum to Governor Kathy Hochul and the state legislature: approve higher taxes on the wealthy or he would use the limited tools under his direct control to close a projected $5.4 billion shortfall.
Read Full Article: https://www.thegatewaypundit.com/2026/02/new-york-city-mayor-zohran-mamdani-raiding-retirement/
