NYC Mayor Mamdani calls threat of rich people leaving NYC over taxes 'imagined'

New York City Mayor Zohran Mamdani dismissed concerns about wealthy residents leaving over high taxes as 'imagined,' citing past tax increases on millionaires that did not lead to exoduses. He highlighted plans to tax luxury properties valued at $5 million or more and discussed initiatives like free busing and universal childcare, contrasting with Governor Kathy Hochul's calls to attract wealthy residents back to New York.