Mamdani's Wishful Thinking On Tax Revenues

New York City mayoral candidate Zohran Mamdani has pledged a battery of new social spending if he wins the city’s November election: $10 billion for housing, $1 billion for a new community safety department, at least half a billion to subsidize buses, billions more for free childcare, and untold sums for government grocery stores—a historically loss-making venture. Read Full Article »