Zohran Mamdani says Wall Street has nothing to fear from his agenda

York’s share of the nation’s millionaires fell from 12.7% in 2010 to 8.7% in 2022, the steepest decline of any state, costing an estimated $10.7 billion in personal income tax revenue in 2022 alone.

The report points to New York’s high taxes and declining competitiveness relative to states like Florida and Texas as factors behind its shrinking share continue reading …