NewsPronto

 
The Times


.

USA Conversation

The Conversation USA

The Conversation USA

New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise

  • Written by Cristobal Young, Associate Professor of Sociology, Cornell University
imageWealthy New Yorkers have threatened to leave the city if Mayor-elect Zohran Mamdani follows through on his promise to raise taxes on the rich.Charly Triballeau/AFP via Getty Images

New York’s mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city’s income tax on its richest residents from 3.9% to 5.9%. Combined with the...

Read more: New York’s wealthy warn of a tax exodus after Mamdani’s win – but the data says otherwise

More Articles ...

  1. Why do people get headaches and migraines? A child neurologist explains the science of head pain and how to treat it
  2. When the world’s largest battery power plant caught fire, toxic metals rained down – wetlands captured the fallout
  3. Speaker Johnson’s choice to lead by following the president goes against 200 years of House speakers building up the office’s power
  4. Iran’s president calls for moving its drought-stricken capital amid a worsening water crisis – how Tehran got into water bankruptcy
  5. Guinea-Bissau’s military takeover highlights the nation’s sorry history of coups and a deepening crisis across the region
  6. Drones, physics and rats: Studies show how the people of Rapa Nui made and moved the giant statues – and what caused the island’s deforestation
  7. As US hunger rises, Trump administration’s ‘efficiency’ goals cause massive food waste
  8. A year on, the Israeli-Lebanese ceasefire looks increasingly fragile − could a return to cyclical violence come next?
  9. How does Narcan work? Mapping how it reverses opioid overdose can provide a molecular blueprint for more effective drugs
  10. Absence of evidence is not evidence of absence – and that affects what scientific journals choose to publish
  11. George Plimpton’s 1966 nonfiction classic ‘Paper Lion’ revealed the bruising truths of Detroit Lions training camp
  12. Pentagon investigation of Sen. Mark Kelly revives Cold War persecution of Americans with supposedly disloyal views
  13. A database could help revive the Arapaho language before its last speakers are gone
  14. How food assistance programs can feed families and nourish their dignity
  15. What makes a true Santa is inside – and comes with the red suit
  16. ‘Without prejudice’: What this 2-word legalese means for the dismissed charges against James Comey and Letitia James
  17. From concrete to community: How synthetic data can make urban digital twins more humane
  18. The ChatGPT effect: In 3 years the AI chatbot has changed the way people look things up
  19. When darkness shines: How dark stars could illuminate the early universe
  20. Fern stems reveal secrets of evolution – how constraints in development can lead to new forms
  21. A quarter of early child care educators in Colorado reported mistreatment from co-workers
  22. Sea level doesn’t rise at the same rate everywhere – we mapped where Antarctica’s ice melt would have the biggest impact
  23. Automated systems decide which homeless Philadelphians get housing and who stays on the street – often in ways that feel arbitrary to those waiting
  24. Treating love for work like a virtue can backfire on employees and teams
  25. Colleges teach the most valuable career skills when they don’t stick narrowly to preprofessional education
  26. Thousands of genomes reveal the wild wolf genes in most dogs’ DNA
  27. Peace plan presented by the US to Ukraine reflects inexperienced, unrealistic handling of a delicate situation
  28. Writing builds resilience by changing your brain, helping you face everyday challenges
  29. More than half of new articles on the internet are being written by AI – is human writing headed for extinction?
  30. Nonprofit news outlets are often scared that selling ads could jeopardize their tax-exempt status, but IRS records show that’s been rare
  31. How will the universe end?
  32. AI is making spacecraft propulsion more efficient – and could even lead to nuclear-powered rockets
  33. Mid-Atlantic mushroom foragers collect 160 species for food, medicine, art and science
  34. We created health guidelines for fighting loneliness - here’s what we recommend
  35. Nick Fuentes is a master of exploiting the current social media opportunities for extremism
  36. What Robert F. Kennedy Jr. didn’t tell you about ‘Operation Northwoods,’ the false flag operation he loves to denounce
  37. From invasive species tracking to water security – what’s lost with federal funding cuts at US Climate Adaptation Science Centers
  38. Just follow orders or obey the law? What US troops told us about refusing illegal commands
  39. Colorado is pumping the brakes on first-of-its-kind AI regulation to find a practical path forward
  40. The plague of frog costumes demonstrates the subversive power of play in protests
  41. John Fetterman is an unusual politician – but his rise from borough mayor to US senator reflects a recent trend
  42. Making GLP-1 weight loss drugs cheaper isn’t enough to address America’s obesity problem – here’s why
  43. Off-label use of COVID-19 vaccines was once discouraged but has become common amid new guidelines
  44. From ‘mail-order brides’ to ‘passport bros,’ the international dating industry often sells traditional gender roles
  45. $2B Counter-Strike 2 crash exposes a legal black hole: Your digital investments aren’t really yours
  46. Farmers – long Trump backers – bear the costs of new tariffs, restricted immigration and slashed renewable energy subsidies
  47. First Amendment in flux: When free speech protections came up against the Red Scare
  48. AI is providing emotional support for employees – but is it a valuable tool or privacy threat?
  49. Who wins and who loses as the US retires the penny
  50. ‘Jeffrey Epstein is not unique’: What his case reveals about the realities of child sex trafficking