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The Guardian - US
The Guardian - US
World
Adam Gabbatt in New York

No, New York City’s wealthiest are not fleeing the city after Mamdani’s win

The sun sets on the skyline of lower Manhattan and One World Trade Center in New York City.
The sun sets on the skyline of lower Manhattan and One World Trade Center in New York City. Photograph: Gary Hershorn/Getty Images

The warnings were stark. If Zohran Mamdani were to win the New York City mayoral election, his plans to raise taxes – slightly – on the city’s wealthiest residents would cause millionaires to bolt en masse, decamping to lower-tax states such as Florida and Texas.

The New York Post, a conservative tabloid owned by Rupert Murdoch, told readers on an almost daily basis through October that New York would effectively become a ghost town under Mamdani’s mayoralty, a propaganda campaign that concluded the day before the election with the bombastic claim that “nearly a million” people were planning to “flee”.

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