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| Stripping the Dying of Their Assets: Mamdani's Latest Proposal |
| 2026-03-23 |
| [Hot Air] If New York City Mayor Zohran Mamdani gets his way, half of everything New Yorkers work a lifetime for -- including their homes, their businesses or farms and their savings -- could be stripped away on their deathbeds. No more Empire State; he'd make it the Expropriation State. Mamdami didn't invent the 'death tax.' It's been talked about in the halls of congress for years. It's the dollar threshold that is the issue. Only one thing in life is certain: We all die. Mamdani is exploiting that certainty to close what he claims is a $5.4 billion city budget gap. More than that, he aims to undermine the foundations of American life by attacking wealth accumulation, homeownership and private property, per the radical agenda of the Democratic Socialists of America. Currently, New York is one of a handful of states that imposes a death tax, a 16% levy on estates worth more than $7 million. But last week, the tax wish list Mamdani circulated to state legislators and Gov. Kathy Hochul proposed lowering the threshold to a mere $750,000 -- which would clobber millions more New Yorkers all across the state with a punishing tax. He would also hike the rate to a whopping 50%, two and a half times the next highest rate -- 20%, charged in Hawaii and Washington state. Related: Zohran Mamdani 03/20/2026 'Dem NY Gov. Kathy Hochul Begs Rich People Who Fled New York For Florida To Return And Foot Bill For ‘Generous Social Programs' Zohran Mamdani 03/16/2026 Extreme Mamdani estate tax proposal goes right after New York's middle class families Zohran Mamdani 03/15/2026 Mamdani creates Office for LGBTQIA+ Affairs, appoints transgender-identifying male to lead it |
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