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That's not accurate though. Europe doesn't have government owned grocery stores, and they do not rely on a small number of taxpayers to fund everything. Get real, nobody was actually excited about anything he offered because most of them don't even apply to the people who voted for him, they were just excited that he said someone else will pay for it.
He's a mayor ffs and doesn't have the authority to raise taxes, and even if he did, they do not have the same trap mechanism in place. Europe's tax burden is more evenly spread, so huge percentage points of the population would have to flee their entire country to mess up the tax base, and even that wouldn't work because the neighboring countries probably don't have it much better. NYC would just need a handful of people to decide it's a better deal to have a 30 minute commute and leave the city for the tax base to crumble.
Well yeah, Europe's tax burden is more spread out because its wealth is more spread out. The US is the most unequal society among developed nations. And city-run grocery stores is probably the most unusual policy but Istanbul has had it. All his other proposals are very common throughout the EU.
“Normal. That’s the word,” Verbeek wrote in his newsletter, The Planet. “Here, taking care of one another through public programs isn’t radical socialism. It’s Tuesday.”
That view hit on the wide differences in how Mamdani’s promises are seen by many across the Atlantic. “Europeans recognize his vision about free public transit and universal childcare. We expect our governments to make these kinds of services accessible to all of us,” said Verbeek. “We pay higher taxes and get civilized societies in return. The debate here isn’t whether to have these programs, but how to improve them.”
Europeans recognize Zohran Mamdani’s supposedly radical policies as ‘normal’
Critics of New York City’s mayor-elect have said his pledges of free bus service and universal childcare are unrealistic, but in Europe it’s a given
And yeah, a radical takeover of businesses would prompt capital to flee but that's not what's happening. Many of his proposals are common in northeastern states.
The proposal, according to Mamdani’s revenue plan, is similar to Massachusetts’s 4 percent surtax on individual income that exceeds $1 million, which was approved by voters in the state’s 2022 election. Revenue from the surtax is directed to transportation and education measures.
According to a preliminary estimate from the Massachusetts Department of Revenue in August, the state collected nearly $3 billion in surtax revenue for fiscal 2025.
Mamdani would advocate for the state’s top corporate tax rate to increase from 7.25 percent to 11.5 percent, the same top marginal rate as neighboring New Jersey, estimated to generate approximately $5 billion annually.
Tax Wonks Weigh In on NYC Mayor-Elect Mamdani’s Tax Policies | Tax Notes
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
Only the most miserly pieces of shit would flee because of a slight increase in taxes. The risk is worth it.
