Speaking of the sad decline of New York, betting markets give democratic socialist Zohran Mamdani a one-in-three chance of winning next Tuesday's Democratic primary for mayor of New York City. He is backed by AOC, Bernie Sanders and seemingly every other left-wing nut with a voice in New York politics. He promises everything from a rent freeze to free childcare to more unionized public sector workers.
He wants to raise the corporate tax rate to the highest in the country and wants a millionaire tax on top of the existing millionaire tax, further raising the rate to the highest in the nation.
Mamdani has a chance because the Democratic primary uses ranked-choice voting, where if no candidate is the first choice of a majority of voters, the race goes to an "instant runoff." The last-place candidates are eliminated until one candidate is left with more than 50 percent support.
The problem is the other leading candidate for mayor, the disgraced Andrew Cuomo, is still reeling from sexual harassment scandals and the hundreds of Covid-related deaths at nursing homes due to his backward policies.
John Catsimatidis, the honorary chairman of Unleash Prosperity, and a lifelong New Yorker, warns that if Mamdani wins "we may consider closing our Gristede supermarkets and move our corporate offices to New Jersey."
So sad that in a city with 8 million people, the two leading choices are corrupt and incompetent.
Is it too late to bring back Rudy?
