Critics have raised concerns that the leading socialist candidate in New York City’s mayoral race could undermine the city’s status as a financial hub. The frontrunner’s proposed policies, including aggressive tax increases on high earners and major reforms to housing and public services, have sparked debate over their potential economic effects. Supporters argue the policies are necessary to address inequality, while opponents warn they could drive businesses and high-income residents away.
— news from Fox Business
— News Original —
Critics say socialist mayoral frontrunner threatens NYC’s economic capital Fox Business