Thread: ESCAPE FROM NEW YORK! [1981] You can't say the Satanists didn't warn you

Escape from N.Y.

Escape From L.A.

Mamdani's estate tax plan could drive wealth out of state, critics warn

Story by Amanda Macias
Mar 22 • 3 min read • Updated 23h ago

FOX News
New Yorkers LASH OUT at Mamdani over potential tax hike

The the water went up, the gas went up, light


Duration 0:27


Video

New York City Mayor Zohran Mamdani is under fire for backing a plan that would slash New York’s estate tax exemption by nearly 90%, a move opponents say could drag middle-class families into a tax burden long aimed at the rich.
New York is one of the states that imposes its own estate tax in addition to the federal levy, and the proposed changes would dramatically expand its reach—potentially sweeping in not just the wealthy, but families whose primary asset is a home they hoped to pass on to their children.

MAMDANI'S RENT FREEZE, TAX HIKES A 'ONE-TWO WEALTH DESTRUCTION PUNCH,' ECONOMISTS WARN



New York City Mayoral candidate Zohran Mamdani celebrates during an election night event at the Brooklyn Paramount Theater in Brooklyn, New York on November 4, 2025. Getty Images© Angelina Katsanis/AFP/Getty Images

The plan would sharply reduce how much of an estate can be passed on tax-free, cutting the threshold from $7.35 million to just $750,000, among the lowest in the country, meaning far more estates would be subject to taxation.
In addition, Mamdani is proposing to more than triple the state’s top estate tax rate, raising it from 16% to 50%, a combination that could generate billions in new revenue for New York.
Edward Pinto, a senior fellow and co-director of the AEI Housing Center at the American Enterprise Institute, told Fox News Digital the proposal could push residents and their wealth out of New York.
"This proposal would destroy NYC's wealth in a different manner," Pinto said.
"This estate tax proposal will mistreat capital and result in the voluntary exodus of NYC residents and their wealth to places like Florida and Tennessee," he added.

FROM FREE BUSES TO CITY-OWNED GROCERY STORES, HERE ARE MAMDANI’S KEY ECONOMIC PROMISES



One World Trade Center and the Manhattan skyline past commuters on the Staten Island ferry in New York on Friday, Dec. 19, 2025. Getty Images© Getty Images

Others echoed similar concerns, pointing to the potential impact on families and long-term financial planning.
Joshua Rowley, a research fellow at the Mercatus Center at George Mason University, said estate taxes can force families to liquidate assets and increasingly reach beyond the wealthy.
"Estate taxes force citizens to liquidate assets to pay taxes on previously taxed assets—putting homes, retirement accounts, and businesses in the crosshairs," Rowley said. "It would also discourage responsible retirement planning and punish parents for the sole crime of wanting to leave their children better off."
He added that proposals aimed at taxing the wealthy often expand over time.
"But the Mamdani proposal also pulls back the curtain on all tax-the-rich solutions. What starts off as an exclusive tax on the rich invariably gets expanded to lower income groups to satisfy the government’s spending addiction," Rowley said.
The estate tax proposal is just one piece of Mamdani’s wider policy push.



Brownstone apartments in Manhattan, New York City, United States of America on July 6th, 2024. Getty Images© Getty Images

His housing plan, a campaign promise aimed at addressing affordability, includes an immediate freeze on roughly 2 million rent-stabilized apartments.
Separately, his broader $127 billion budget agenda calls for higher taxes on wealthy residents and corporations, as well as a potential 9.5% property tax increase if state lawmakers decline to act.

In the nation’s largest city and a global financial center, the outcome of Mamdani’s proposals could shape not only the future of New York’s housing market, but also broader debates over regulation, taxation and urban policy.
Mamdani’s office did not respond to Fox News Digital’s request for comment.

Original article source: Mamdani's estate tax plan could drive wealth out of state, critics warn

Mamdani's estate tax plan could drive wealth out of state, critics warn

The Satanists are TERRIFIED of Bad Karma; they try to go around the Bad Karma by Warning you ahead of Events

Escape From L.A. Predictive Programming

Escape From New York Predictive Programming

the Flame is representative of the roots of the Penis that Kane Ripped from Able... Lady Libertys crown is representee of the 13 tribes of the New World Order and the fall of America




Predictive programming Escape from New York




Escape from New York (1981) - Full Movie HD - Predictive Programming

You Were Warned, Karma Warned You

Escape from N.Y.

Escape From L.A.

Karma Warned You

Thread: NYC Mob ‘STORMS’ Police Station... as "Socialist" Mayor WAGES WAR on AMERICA

You Were Warned, Karma Warned You

Escape from N.Y.

Escape From L.A.

Thread: Gangs ‘Seize’ Half the Bronx as Mamdani Empties Jails, Releasing 10,000 Criminals (Vi

You Were Warned, Karma Warned You

Escape from N.Y.

Escape From L.A.

Karma Warned You


1:40:40

Now playing

John Carpenter's Escape From L.A.

YouTube Movies & TV
Action & adventure • 1996
Free with ads
R

John Carpenter's Escape From L.A.





777

Karma Warned You; You Didn't Listen

Escape from N.Y.

Escape From L.A.

Thread: Cartels SEIZE HALF The Bronx… as Mamdani’s “Illegal Sanctuary” IMPLODES | Cash Jordan