Event Overview
NYC officials push back as billionaires weigh leaving city
New York City officials are responding to a backlash against Mayor Zohran Mamdani’s tax-the-rich agenda as billionaires weigh leaving the city and major financial firms consider relocation. The narrative centers on Mamdani filming outside Citadel CEO Ken Griffin’s penthouse to announce a pied-à-terre tax on luxury properties owned by nonresidents, a move that Griffin and others have described as potentially prompting relocation of jobs to Miami. Reports from Washington Times also note business leaders warning of an exodus while some groups pledge to push back in support of staying. Medallion Financial’s Andrew Murstein launched a fund to encourage firms to remain in New York, signaling organized local resistance to the perceived anti-business stance.
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NYC officials push back as billionaires weigh leaving city
New York City leaders are scrambling to keep wealthy residents and major financial firms from leaving the city amid backlash to Mayor Zohran Mamdani’s tax-the-rich agenda — even as some business figures warn the exodus may already be underway. The flashpoint came on Tax Day, when Mr. Mamdani filmed himself outside.
New York City's declining public school enrollment projected to lose over 150K more as population declines
Fox News Digital spoke to former Boca Raton mayor and current GOP congressional candidate Scott Singer about businesses leaving New York City as a result of Mayor Zohran Mamdani’s socialist policies. New York City ’s public schools are projected to drop, mirroring the downward trend of its overall population since.
Michael Goodwin: Socialist Mamdani’s ‘tax the rich’ war cry will only hurt New York
The public rage building against Mayor Mamdani over his attacks on Gotham’s wealthy business leaders is welcome — and well deserved. The mayor crossed a line of basic decency with his dangerous focus on high-profile individuals, such as Citadel founder and CEO Ken Griffin , effectively putting targets on their backs.
NYC’s elites are tired of being painted as the enemy by Mamdani and his ilk
A friend of mine who runs a big finance-related firm here in New York City is scouting for new digs in Miami — not only for office space but also a house — and it’s not just about the taxes. This fella, who spoke on the condition of anonymity, is a name-brand financial type. He’ll make headlines if he decides to bolt.