The Market Ticker - The Question: What Is A Democrat?
Answer, should he win: Mamdani.
And then we have two years of his rule in NYC to determine what that looks like.
Note that Mamdani, in that position, cannot raise taxes in virtually any area so many of his claimed policy prescriptions have no funding source available without the direct consent and enactment by the NY Legislature. Its rather unclear exactly what sort of support he’ll find there for increasing taxes and costs on wealthy people, without which he can’t do any of the “free” stuff he’s talking about since a city, like a state, cannot run a budget deficit.
In other words he has to raise the funds before he can spend them, and the only way to raise…….
(Click link to read more)
Source: https://market-ticker.org/akcs-www?post=254340
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