Zohran Mamdani has won the New York City mayoral election, becoming the city’s first Muslim mayor and the youngest in over a century. His victory marks a significant shift in the political landscape, as he ran on a Marxist platform focused on economic equality and social justice which is even prohibited by the Ten Commandments. Back in 2016, I moved to Florida. The computer made a MAJOR long-term sell signal on New York City. The first serious low will be 2029.
Foreign-Born Population of New York City is approximately 36% of NYC’s residents. This is the same pattern that was unfolding in Rome, which was the first city in the world to reach a population of 1 million. The fall of Rome was dramatic and immigration began to pour in and it was not until the Victorian Era when London would reach that 1 million mark.
In 1940, the White population of New York City stood at over 90%. By 1970, that was down to 62%. Ten years later it fell to 51% in 1980 then in 1990 it dropped sharply to 43.2%. The by 2000 the White population plunged to 35% and now by 2025 it is estimated to be about 17% and Mamdani intends to engage in racist economics and wants to impose higher taxes on the White Community.
If a white candidate ran on a platform to raise taxes on blacks and hispanics and redistribute that wealth to the white community, there would be such protests that it would make the headlines worldwide. This is what the Democratic Party clings to – class warfare. They refuse to understand that these anti-free policies are at the core of why Communism Collapsed and it is simply our turn for our date with the destruction of our empires, nations, and city-states that embrace Marxism which is NOT about equal right, but money.
These people refuse to learn from history. The failure of communism in most countries is attributed to economic inefficiency and suppression of individual initiative, which together stifled innovation and productivity. If people are punished for innovation and demonized like J.P. Morgan and Henry Ford because they simply made a lot of money, then there would be no economic growth. The ruthless interrogation of J.P. Morgan by Samuel Untermyer demonstrates how Democrats see only the money and never understand the economy – EVER!
J.P. Morgan not only moved the financial capital from Philadelphia to New York, he was instrumental in moving it from London to New York. So many industries were forged because of Morgan. He singlehandedly saving the banking system during the Panic of 1907 which became the model for the Federal Reserve in 1913. Henry Ford made automobiles affordable and created the auto industry. Targeting such people and demonizing them because they had more than someone else is what destroys economic growth.
Here is the federal tax rate in the constant war to rob anyone who is productive to redistribute wealth to those who are not. Those in Congress just attack anyone who makes more money than they do while taking bribes from the lobbyists to protect insurance companies which are legalized theft organizations. Personally, I have NEVER had any insurance company even once honor what they sold. My mother’s house the pipes froze and broke. They sent investigators to question all the neighbors and then denied any liability claiming she was at my sister’s house and after 45 years of paying homeowner insurance they paid ZERO!
Back in the ’80s, we provided health insurance to all employees and their families. It would be about $1,650 a year. The average total cost for a family plan is around $24,000 per year. The average salary in 1985 was about $25,000 so the cost of providing health insurance was less that 0.7%. It use to be handed out like candy on trick or treat. Even at $75,000, health insurance is about one-third. How did it rise from 0.7% to 33% in 40 years? We are blamed and tax the rich people but never address the real rise in the “equality” claims because they are paid by lobbyists to look the other war.
While the healthcare industry has always included for-profit entities, the scale and influence of for-profit insurance companies, hospital chains, and investor-owned providers have expanded, aiming to generate returns for shareholders, then the legal profession has taken everything from slip-and-fall cases to malpractice claims to new heights. Fearing malpractice lawsuits, doctors may order extra tests, scans, and consultations that are not strictly medically necessary, solely to create a legal record that they were “thorough.”
When my mother was in the hospital, they wanted to send her to rehab where the first time they nearly killed her arbitrarily changing all her medicines. There was no way we were going through that again and my sister looked this hospital pretend doctors who was really just soliciting business, and asked if this was your mother would you do that. She at least had a conscious and would not answer but shook her head to say no.
Zohran Mamdani is scheduled to assume office on January 1, 2026. The computer is showing a serious change in trend will start in February 2026. Note that the volatility was scheduled to rise starting in November. NYC is in its death throws. Wall Street has been steadily moving to Florida. You should NOT have any brokerage accounts in NYC. As the income of the city declines, as the teachers in Chicago were pushing for a tax on every transaction on the commodity and stock exchanges, will surface in NYC as well.
Here’s what is clear about his campaign promises in key areas:
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Freeze rent increases for rent-stabilized apartments.
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Make city buses fare-free (i.e., free bus service).
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Provide universal childcare for ages 6 weeks to 5 years.
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Create city-owned grocery stores to reduce food costs.
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Raise corporate taxes (to New Jersey’s 11.5%) and tax the top 1% (flat 2% for incomes >$1 M) to fund these programs.
Much of the commentary around an exit tax comes from observer speculation or opinion pieces (e.g., he has been urged by some analysts to impose an exit tax). For example, an article states: “Zohran Mamdani Should Call for an Exit Tax on NYC’s Rich” — but that is an opinion rather than something he has formally pledged.
A universal tax on every trade (for example, a securities transaction tax, or tax on each share trade) is not clearly listed among his major named proposals. However, this constantly becomes the Democrat’s dream tax.
