How Mamdani’s ‘Enemies List’ Sparks Growing Revolt Among New York’s Business Elite
Zohran Mamdani’s latest move is pushing New York City’s business community closer to open political warfare, as prominent executives and civic leaders increasingly conclude that quiet diplomacy with the mayor is no longer enough. His decision to publicize the names of people affected by his proposed pied-à-terre tax has become a flashpoint, convincing many that a more aggressive response is necessary, the NY Post reports.
The controversy erupted after City Hall released the identities of taxpayers who would be subject to Mamdani’s proposed tax on non-primary residences valued at $5 million or more, putting thousands of affluent property owners squarely in the public spotlight.
Critics argue that the proposal is fundamentally misguided because many of these homeowners live outside New York for most of the year, make little use of city services, yet already contribute enormous sums in state and local taxes. Rather than paying even more, they warn, many could simply choose to invest in places like Boca Raton instead of maintaining homes in Manhattan.
Opponents also see something more troubling behind the policy than just another tax increase. They contend that by publicly identifying wealthy property owners, Mamdani is embracing a form of class warfare that seeks to shame successful people for political gain. In their view, the published list functions as an “enemies list,” targeting people the administration believes should be paying more, while energizing its progressive base through a campaign of public humiliation.
Several business leaders who spoke privately said their reaction to seeing the published names went beyond politics. The headlines immediately reminded them of UnitedHealthcare CEO Brian Thompson, whose murder at the hands of Luigi Mangione highlighted the dangers that can arise when high-profile executives become public targets.
Steve Fulop, who leads the Partnership for New York City, said he has grown increasingly frustrated by what he views as the mayor’s relentless attacks on businesses and high-income residents, whose tax dollars finance much of the city’s spending. Despite repeated attempts to maintain constructive dialogue with City Hall, the publication of the taxpayer list appears to have convinced him that cooperation alone will no longer be effective.
Instead of continuing to seek compromise, Fulop is now preparing a broader political response. While he has declined to publicly outline the strategy, those familiar with the effort say it will focus on building support for candidates willing to challenge the Democratic Socialists of America and their agenda at the ballot box.
Fulop also notes that one of the earliest and most visible targets of the mayor’s campaign, Citadel founder Ken Griffin, possesses the resources to maintain extensive personal security. Many of the other individuals whose names appeared on the list, however, are affluent but far from billionaires and lack the same ability to protect themselves.
“This is a mistake, and a dangerous precedent,” Fulop said. “Publishing names and addresses singles out people who have done nothing wrong, at a moment when the far left already treats success itself as something to be punished. Most of the people on that list aren’t billionaires by any stretch – they’re people that believed in NYC, worked hard and bought a second home. All this does is make people feel less safe in their own city, and less welcome in it”
A Democratic political strategist aligned with the party’s more moderate wing said many influential figures in New York’s business world are genuinely alarmed by the direction City Hall is taking. According to the adviser, their fears are far from exaggerated.
“(Mamdani) is paving the way for a future Luigi psychopath,” she told me.
For many critics, the publication of the list is only one example of what they see as a broader ideological agenda taking shape under Mamdani’s administration. They argue that City Hall has become consumed with left-wing activism and identity politics instead of concentrating on core municipal responsibilities such as public education, sanitation, and public safety.
They point to a series of recent controversies that have fueled those concerns. One day, the mayor refuses to distance himself from the slogan “Globalize the Intifada,” despite widespread criticism of its meaning. The next, he raises the possibility of arresting Israeli Prime Minister Benjamin Netanyahu over alleged war crimes, dismissing longstanding diplomatic norms, including diplomatic immunity, according to his critics.
Opponents also accuse Mamdani of pursuing an economic agenda rooted in government intervention. They argue that his proposal for city-run grocery stores will do little to change where affluent residents shop while placing neighborhood bodegas and small retailers at a severe competitive disadvantage. Meanwhile, they say, taxpayers in the middle and working classes will ultimately shoulder the cost of subsidizing the program.
Business leaders also warn that the city’s broader economic outlook is deteriorating. They point to rising taxes, companies relocating elsewhere, and declining demand for New York municipal bonds as evidence that investors are increasingly wary of financing the mayor’s agenda. At the same time, they argue that police funding has not kept pace with other spending priorities in Mamdani’s record-setting budget, even as the city continues expanding services for migrants.
Taken together, critics say these developments have left New York looking increasingly hostile to businesses and investors. They believe the city is becoming a less secure and less attractive place to live, work, and invest—and that many in the business community have reached the same conclusion.
{Matzav.com}
