What Mamdani is doing isn't productive and NYs problems can't be solved by taxes. The divisive fear mongering is the same shyt Trump and Republicans engage in and it's gross. People have enough to be worried about, uncertainty, and generally things to be upset about right now.
We already have endless regulations and taxes and it hasn't moved the needle in the direction people here desire. Democrats or whatever these people are need to focus on actually governing, changing the work culture of city/state agencies so they're effective again, and improving the quality of life for all residents not just fun employed white people.
You know I don't like extreme wealth, the empty towers that have disfigured the city's skyline, and a lot of shyt going on but there needs to a grounded rational in what they're doing. 500 million dollars is nothing and the 5 million threshold isn't well defined and it's frankly too low and if it doesn't increase supply of what still for many aren't affordable homes it's pointless. They've built countless new units and displaced countless people and the rent continues to increase and home prices remain extremely high. On the other sides labor and materials are extremely complicated and expensive... on top of that the regulations and laws. I'm pretty on top of my game and it's really hard... I can only imagine the despair the average person experiences to get anything accomplished.