this post was submitted on 20 Jun 2025
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NYC billionaires threaten to leave if progressive candidate Zohran Mamdani wins mayoral primary. But is their fear of losing wealth justified, or just a desperate attempt to maintain power and privilege?

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[–] DrFistington@lemmy.world 62 points 1 month ago

So you're saying that people who own a bunch of property and don't pay taxes are gonna leave the state? Sounds like a net gain

[–] PunkRockSportsFan@fanaticus.social 56 points 1 month ago (1 children)

Billionaires shouldn’t exist

Tax them out of existence

Or some other way

[–] Yawweee877h444@lemmy.world 20 points 1 month ago (1 children)
[–] ProvableGecko@lemmy.world 6 points 1 month ago
[–] BrikoX@lemmy.zip 46 points 1 month ago

Good fucking riddance.

P.S. Their business would still have to pay taxes in NY if they want to operate there.

[–] JaymesRS@literature.cafe 36 points 1 month ago (1 children)

Ah yes, wealthy people who love being seen at all the hot stuff in NYC are suddenly going to move somewhere else without the clout like Kansas City.

[–] TacoButtPlug@sh.itjust.works 3 points 1 month ago
[–] Anomalocaris@lemm.ee 21 points 1 month ago

Wow, didn't know billionaires were endorsing Zohran, hope they uphold their promise and go to hell

[–] floop@lemmy.dbzer0.com 17 points 1 month ago
[–] BigMacHole@sopuli.xyz 16 points 1 month ago

NO! If these Job Creators who've laid off TENS of THOUSANDS of Workers this year so Far LEAVE who Will be stuck NOT paying Taxes while using Public Services? Nobody! That's ATROCIOUS!

[–] rarbg@lemmy.zip 16 points 1 month ago

Don’t threaten me with a good time

[–] SwingingTheLamp@midwest.social 14 points 1 month ago

IIRC, Norway provided a real-world study on this. No surprise: A handful of blowhards left for lower-tax countries, but virtually all of the rich people stayed and just paid higher taxes.

[–] obvs@lemmy.world 10 points 1 month ago

Aww, noooo, what would they ever do without you?

[–] ieatpwns@lemmy.world 6 points 1 month ago

Only things billionaires are good for are ballistics dummies and empty promises