Zohran Mamdani, the Democratic Socialist assemblyman-turned-mayoral candidate, is betting big on a radical economic overhaul that critics say would send New York’s already shrinking tax base into full-blown collapse, a New York Post report warns. His $10 billion blueprint for taxpayer-funded giveaways — including free public buses, universal childcare, a citywide rent freeze, and even government-run grocery stores — relies on a punishing series of tax hikes targeting corporations and the wealthy. And business leaders are sounding the alarm. “This is being proposed at a time when people and their income are leaving New York State and New York City in particular,” a spokesperson for the Business Council of New York State warned Thursday.
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