How Zohran Mamdani’s Controversial Policies Could Quickly Reshape NYC As Mayor
Zohran Mamdani’s victory speech may have promised a “free and fair” New York City, but behind the slogans lies a towering price tag. His far-left platform—brimming with giveaways, expansions, and redistributions—could cost the city over $10 billion and dramatically reshape its economy, government, and social order, the NY Post reports.
The Democratic socialist’s pledge to create a more “affordable” city has captivated progressives and unsettled economists alike, as investors and business leaders brace for an overhaul unlike any in modern New York history.
At the heart of Mamdani’s plan is a sweeping “tax-the-rich” agenda. He wants to raise taxes on millionaires by 2% and push the corporate tax rate up to 11.5%, a move his campaign claims could generate $9 billion. Yet even Mamdani admits that a mayor cannot raise taxes alone — he’ll need the cooperation of state legislators and Gov. Kathy Hochul, who has repeatedly warned that higher taxes would “only drive the wealthy and businesses out of the city.”
Hochul, running for re-election in 2026, has vowed to fund progressive goals without burdening the rich, though she hasn’t specified how. Mamdani, meanwhile, has signaled some flexibility, saying, “If this money is funded by the additional taxes or it’s funded by a better-than-expected (tax) assessment, or it’s funded by a pot of money that wasn’t previously spoken about, or savings that have come in, then the most important thing is that it’s funded.”
Among Mamdani’s boldest ideas is a citywide rent freeze. While his slogan “Freeze the rent” captured headlines, his plan would only affect rent-stabilized apartments—roughly two million tenants. Mamdani says he’ll appoint allies to the Rent Guidelines Board to block rent increases, just as Bill de Blasio’s administration did multiple times. Supporters say it will help struggling tenants; critics warn it will push landlords to take apartments off the market, deepening the housing crisis.
Andrew Cuomo has scoffed at Mamdani’s ability to enforce such a freeze, arguing that it’s up to the board, not the mayor. Outgoing Mayor Eric Adams has reportedly sought to fill the same board with his own appointees to block the initiative.
Mamdani’s “free and fast” bus plan is another progressive showpiece. As a state assemblyman, he piloted a fare-free MTA program for five bus lines, which he claimed boosted ridership and safety. He now wants to extend it across the city — a $700 million expansion — to make public transit accessible to low-income riders.
The Washington Post was scathing, predicting, “Vagrants and drug addicts would camp out all day on New York’s buses, especially in the winter.” Even MTA Chairman Janno Lieber cast doubt on the feasibility, saying it would be “more expensive and harder to pull off than advertised.”
Perhaps Mamdani’s most ambitious promise is universal childcare — a $6 billion undertaking that would make early education free for all city families. Hochul has voiced partial support, hinting at collaboration but rejecting his proposed “tax-the-rich” funding mechanism. Mamdani also wants to spend $20 million annually to distribute “baby baskets” of essentials like diapers, wipes, and nursing supplies to the city’s 125,000 newborns each year.
The socialist mayor’s vision also includes city-owned grocery stores, five in total, one per borough, offering wholesale-priced goods. Mamdani says this would counter rising food prices and help low-income families. But small grocers and billionaires alike — including Gristedes owner John Catsimatidis — have derided the plan as a “Soviet-style disaster” that could crush private business. Past experiments in other states, critics note, have been short-lived failures.
Rounding out Mamdani’s agenda is a proposed $1 billion Department of Community Safety, meant to take over many duties now handled by police. The new agency would oversee mental health emergencies and expand “gun violence interrupter” programs, with Mamdani insisting, “The effort would free up cops to do actual police work instead of dealing with the failures of the social safety net.”
He stresses that the department wouldn’t defund the NYPD but would instead allow officers to focus on crime prevention. Yet law enforcement experts warn that police would still end up responding to dangerous calls, making the new agency costly and redundant.
With his blend of idealism and fiscal gamble, Mamdani’s New York could usher in an era of sweeping social reform—or a financial crisis in socialist wrapping. For now, the only certainty is that “free” won’t come cheap.
{Matzav.com}
