This becomes especially complicated when you consider that some wealthy people and companies will flee the city if he becomes mayor.

Mamdani apparently has a plan for that. He is going to try to tax companies even if they leave the city. It's not exactly clear how he plans to enforce this insane idea.

Townhall reports:

We suppose the silver lining of New York electing an avowed Democratic Socialist as mayor is that we'll get to see how disastrous his socialist policies really are, and that'll discourage the rest of the nation from voting for socialism. But we won't pretend that learning that lesson will be hard, especially for the people of New York who didn't vote for Mamdani.