Ep. 3944 Mamdani in SHOCK as Tax Hikes BACKFIRE!!!

Ep. 3944 Mamdani in SHOCK as Tax Hikes BACKFIRE!!!

From Turley Talks by podcast@turleytalks.com

May 8, 2026 · 17 min · Episode 3944

About this episode

The episode discusses the backlash against New York City's luxury property tax and its implications for the city's economy and business environment.

New York City's ultra-socialist mayor faces a severe backlash after attempting to implement a luxury property tax aimed at wealthy non-residents. The move triggered an exodus of major financial firms, including Citadel, with CEO Ken Griffin announcing the halt of a massive construction project in the city. As the mayor's approval ratings plummet and New York's budget deficit deepens, the implications of taxing the rich are becoming increasingly evident, showcasing a stark contrast between blue and red states in attracting business and investment. – BlockTrustIRA’s patriotic AI platform brings Trump-era prosperity to hardworking Americans through sophisticated crypto investing. Get up to $2,500 in bonus crypto at https://turleytalkscrypto.com/ *The content presented by sponsors may contain affiliate links. When you click and shop the links, Turley Talks may receive a small commission.* Highlights: "Taxing the rich drives financial firms out of New York City." "Citadel's halted construction project signals a major business migration to Miami." "JP Morgan's workforce decline in New York illustrates broader economic shifts to Texas and Florida." "The mayor's tax strategies threaten…

People in this episode

Host: Dr. Turley

Topics covered

  • tax policy
  • business migration
  • economic impact
  • New York City
  • wealthy non-residents
  • budget deficit

Keywords

  • tax hikes
  • New York City
  • financial firms
  • business migration
  • budget deficit
  • wealthy non-residents
  • Citadel
  • JP Morgan

Sponsors

BlockTrustIRA

Mentioned in this episode

Organizations: Citadel, JP Morgan

Products: crypto

Places: New York City, Miami, Texas, Florida

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