In my book “Rage and the Republic,” I discuss the rise of support for socialism in both the U.S. and Europe, including the election of Zohran Mamdani. The new mayor was elected on many of the same socialist mantras, promising to introduce New Yorkers to the “warmth of socialism.” Now elected, he is discovering the problem of, as Margaret Thatcher put it, “running out of other people’s money.” Mamdani has announced that he may have to implement “painful” property tax hikes, including a potential 9.5% increase that would devastate an already struggling economy and accelerate the exodus of high-taxpayers from the state.
Notably, while Mamdani is suggesting cuts in police and other areas of the budget, he is proposing a $127 billion budget, an increase of $5 billion from last year. His budget would now be larger than those of 47 of 50 states. As noted by the Washington Post, that includes states like Florida with larger populations.
The editors added, “The reality is that Americans may like the idea of ‘free’ stuff — it’s how socialists win elections — but they are less excited about having to pay for it.”
With New York Gov. Kathy Hochul and state lawmakers in Albany balking at increasing taxes, Mamdani is faced with having to actually pay for all of the free stuff that he promised.
When confronted with the fact that the Governor opposes new taxes as the state struggles to keep wealthy citizens from fleeing to Florida, Mamdani responded that it was not important how they paid for the new stuff. The important thing was that they pay for it somehow.
With rent controls, new massive spending programs, and proposed new taxes, Mamdani could be on the brink of causing the greatest exodus since the Red Sea Crossing.
Speaking of spending other people’s money. Trump added $8.2 trillion to your kids national debt.
On an annual basis added to the national debt, Trump spent more of our money than Clinton, Bush, Obama or Biden.
While it is extraordinarily hilarious to see Jihadi Mamdani fail so spectacularly only a few weeks into his administration, that is tempered by the thoughts of what must be still some decent people in the area who have no choice but to remain, for professional or personal reasons.
They likely didn’t vote for Mamdani but still must live within the current cesspool, knowing that it is only going to get worse… MUCH worse.
But driving corporations and tax base out of blue states is just what Democrats do. Newscum, Pricksger and Hochul are the three shiniest examples of those polished turds.
Mamdani is in his “hold my beer” period of trying to out turd all of the others. 🙂
If you want there to be the conditions for prosperity, you must pay for them.
What about the people who want to use public goods and infrastructure but pout and whine about having to pay for what they use? Their lives would be miserable if it was all taken away from them.
If you want to be a member of a club, you must pay your dues.
That is the way it is supposed to be, and it is not necessarily a bad thing.
‘Now elected, he is discovering the problem of, as Margaret Thatcher put it, “running out of other people’s money.”’
Thatcher also stated: ‘there is only one economic system in the world, and that is capitalism. The difference lies in whether the capital is in the hands of the State or whether the greater part of it is in the hands of people outside of State control’ (House of Commons speech, 24 November, 1976).
“The truth must not only be the truth, it must be told.” – Fidel Castro.
This is what he said when urging Mexican businesspeople to invest in Cuba, in 1988:_“We are capitalists, but state capitalists. We are not private capitalists.” (Daum, Walter , 1990,. The Life and Death of Stalinism).
Capitalist hallmarks, such as class society, commodity production, profit motive, exploitation of wage labour, markets, etc., are found throughout the modern world.
You butchered Thatcher’s quote to rationalize the bizarre assertion that there is no difference between capitalism and socialism.
Her quote means, in her famous phrase, that “there is no alternative” to capitalism. It is the *only* system that breeds economic prosperity.
So, how Capitalism helped most Americans for the last 45 years? Middle class, who always pay the most in taxes, our government’s income source, celebrated April 15th every year, has lost income to Republican administrations and “capital venturists”, and pure greed by small, medium, and large employers not having a minimum wage raise in decades or just decent benefits. As one who has lived 50 years through it, Capitalism has failed not just the middle income tax payers but everyone, except Republicans and their cultural rapists
Make no mistake – capitalism has succeeded in what capitalism strives to do, to concentrate control of capital is as few hands has possible. It was never intended to work for the middle class. Republicans have worked for a long time to remove the fetters that were put in place when capitalism collapsed the Western world into a Depression, a driver of desperation that forged World War II.
Capitalism “was never intended to work for the middle class.”
You might try learning some economic history.
There was no such thing as a middle class before capitalism. There was only the aristocratic rich and the poor. The middle class came into existence primarily in the 20th century, because of the productive talent unleashed by capitalism.
Into existence in the 20th century? Maybe.
Being wiped out in the 21st century? Absolutely.
The main driver of the American middle class surge was Federal wartime spending and the rise of manufacturing, but it hinged on the very high marginal tax rate that drove companies to either pay heavy taxes or pay good salaries and for making capital improvements and expenditures for Research and Development. Those R&D centers have been obliterated. Salaries as a fraction of productivity have stalled. Capital improvements are made to factories in China with American cash by American companies.
” lost income to Republican administrations”
Trump has cut taxes. Are you daft?
“. . . not having a minimum wage raise in decades . . .”
Nice, rather obvious lie.
“Middle class [. . .] has lost income . . .”
And yet another lie.
The average individual salary in 1980 was about $12,000. In 2020, about $53,000.
Care to spew more socialist lies?
Salary minimum wage.
In 2024, the federal minimum wage in the United States remained at $7.25 per hour, a rate unchanged since 2009
That means more than one decade.
Salary is not the same as minimum wage. Apparently the site took out the “” (greater than) symbols and may take them out again.
Salary is not the same as minimum wage. The site took out the (less than) and the (greater than) symbols and did take them out again.
He is the quintessential poster boy for the new Democratic Party.