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Democratic governor Hochul says she’s not ready to back Zohran Mamdani for NYC mayor yet — slamming his plan to tax the rich (nypost.com)

submitted 1 day ago by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world

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Gov. Kathy Hochul isn’t ready to endorse socialist Zohran Mamdani’s mayoral run yet, she said Thursday – as she slammed his plans to raise taxes on the rich.

“I’m focused on affordability and raising taxes on anyone does not accomplish that,” she told reporters during an event at LaGuardia Airport.

The Democratic governor had congratulated Mamdani after his apparent win, but notably didn’t endorse him in November’s general election.

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[–] geneva_convenience@lemmy.ml 28 points 1 day ago (1 children)

Honestly Mamdani should start telling rich people that they will benefit from these taxes too. Less homeless people and drug addicts by giving them housing and drug clinics or something.

[–] Madison420@lemmy.world 24 points 1 day ago (1 children)

They care about profits short term, very few large companies competently plan long term.

If they thought about it for a minute yes it's more costly for like a generation and the next generation is cheaper and the generation after that cheaper still. Combine that with a healthier population you end up with more production for less cost and specifically less risk to business because work comp wouldn't need to exist.

[–] geneva_convenience@lemmy.ml 10 points 1 day ago* (last edited 1 day ago) (1 children)

They care about individual profits. If everyone contributes their fair share, but billionaires don't contribute, they have more profit. But society is currently falling apart because they don't contribute their fair share, and now billionaires whine about it falling apart.

[–] Madison420@lemmy.world 7 points 1 day ago

In either situation the solution is universal healthcare because profits would increase either way just not immediately, these billionaires never die so it's not like they wouldn't see the backend increase before they die.