The Affordability Crisis

Democrats "affordability" Crisis

Mamdani ran on affordability. He told New Yorkers he would make the city work for working people.

His solution to that promise is a 9.5 percent property tax hike that will land squarely on landlords, who will pass it directly to renters, and a wealth tax scheme designed to chase out the very tax base that funds the city's services.

This is the progressive governance feedback loop in its purest form:

• Spend beyond your means.
• Blame the previous administration.
• Propose taxes that punish productivity and reward government expansion.
• Watch the tax base flee (to Florida).
• Blame the fleeing tax base for the revenue shortfall.
• Repeat.

California has run this cycle for years. Illinois knows it well. New York City, under Mamdani, appears eager to sprint through it.

Read about it...

The Florida House of Representatives approved a joint resolution on Thursday to put in motion a possible constitutional amendment on the November ballot that would completely end non-school property taxes for homesteaded properties beginning on Jan. 1, 2027.

The final vote was 80-30, with all Republicans supporting the proposal and all Democrats opposing it.