Obviously, I can't stand Zohran Mamdani. He is a nepo baby wanna be rapper ingrate New Yorkers felt the need to elect for some unknown reason. He is a communist who hates America and everything about America and it's a disgrace to our Founding Fathers someone like him holds elected office. His latest proposal, though, is probably the most egregious yet. It's changes to the estate tax and inheritance. He wants to lower the threshold of rich to $750k and raise the percentage from 16 to 50 percent.
NEWS: Zohran Mamdani is proposing big changes to New York’s estate tax:
— Exec Sum (@exec_sum) March 14, 2026
- Tax rate: increase top tax rate to 50% (from 16%)
- Threshold: lower to $750K (from $7M)
Mamdani is currently facing a $5.4B city budget deficit so this is one way he’s trying to close the gap. pic.twitter.com/m6jUHBbHuy
As a single mother who works two jobs, I realize I won't be able to leave my two children massive trust funds. Heck, I can't even leave them baby trust funds. My son's Dad is wealthy, but won't leave him anything because he's a selfish toad, and my Daughter's Dad lives on his Social Security, so I am the only one who can leave them anything at all. What I can leave them is the property I bought 11 years ago and the home my dad subcontracted for me on it. Because my home is on a lake, the value has risen on my land over the years and will leave my children a sizable chunk if they were to sell it. Side note: Currently their plan is to never sell it and both live on the property, but life throws you curve balls, so who knows.
Under Mamdani's plan, my house and property worth 1 million dollars would make me 'wealthy' (which is a huge laugh because all I have is this property and bills) and my children would lose half their inheritance to taxes. That's outrageous. It's despicable and he should be run out of politics and frankly this country for believing such nonsense.
Imagine being a working class family that just spent 30 years paying off a mortgage for a small one bed, one bath in Astoria and then you pass away and your kids are taxed 50% of the value because they’re deemed “rich” and they’re forced to liquidate the property https://t.co/RsT88FBwZ0
— litquidity (@litcapital) March 14, 2026
This is how he's going to make the city "affordable"... by turning it into a ghost town by seizure
— Chop City² (@chopcity_da_2nd) March 14, 2026
The warmth of collectivism - now fueled by grave robbery. https://t.co/mr0KKedObz
— Andrew Stuttaford (@AStuttaford) March 14, 2026
One day people will learn and stop electing these freaks. If you want to live in Communism, go move to China, for goodness sake.
Property tax increase, increasing taxes on buying homes, charging for free parking spaces, and this. And it’s only been three months of proposals. https://t.co/mFKbqYg9GH
— Danny Gold (@DGisSERIOUS) March 14, 2026
On a long enough timeline, everyone figures out the meaning of not your keys not your coins. https://t.co/30rYSsOqL8
— UnHedgedChatter (@UnHedgedChatter) March 14, 2026
The moral thing to do is to put this entity into bankruptcy and restructure it's debt
— H.E. Dr. MIC (🤖,🤖) EngD, ScD, MBA, CFA ⚔️ (@MIC_btc) March 14, 2026
Instead, they're going to try to steal everything from everybody https://t.co/0IF7Rbaf1p
There is nothing moral about Mamdani.
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