Mamdani’s 53% tax plan could push property owners out of New York – Citizen Watch Report

Zohran Mamdani wants to freeze rent increases.

Let me break it down for you.

That means landlords in New York won’t be able to charge more to accommodate the rising taxes they will receive under Mamdani’s plan to tax working people (this includes the landlord) 53% of what they earn to pay for his socialist programs.

That means the landlord will fold up and leave New York City. All of your apartments will be foreclosed and owned by the banks. Everyone will become homeless or leave New York.

Am I wrong here?

From CEO Today:

“Mamdani’s election introduces policies including a phased $30 minimum wage, a rent freeze on one million apartments, and $9 billion in new taxes… These changes could reshape the city’s small business environment, real estate markets, Wall Street presence, and long-term financial stability.” https://www.ceotodaymagazine.com/2025/11/zohran-mamdanis-nyc-policies-business-economic-impact/

A sweeping majority of Americans say they want tougher rules for landlords



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