During an appearance on the ‘Fox Report,’ economist Steve Moore voiced his concerns about the economic policies of New York City mayoral candidate Zohran Mamdani. Moore, a well-known advocate for free-market principles, criticized Mamdani’s proposal to increase taxes on the wealthy, calling it a potential threat to the city’s financial health and economic growth.
Moore emphasized the importance of maintaining a competitive tax environment to attract businesses and investments to New York. He argued that imposing higher taxes on the wealthy could discourage entrepreneurship and lead to a decline in job creation, ultimately harming the city’s economy.
Mamdani, a progressive Democrat, has been vocal about his commitment to wealth redistribution and equitable taxation. His plan to tax the rich has sparked debate among New York City residents and economic experts, with critics warning of unintended consequences for the city’s fiscal stability.
Moore’s comments come amid growing discussions about how to balance progressive tax policies with the need to sustain economic growth in a major metropolitan area. The debate over Mamdani’s proposal highlights the broader tensions between income inequality and economic development in urban centers.