Arthur Aidala: Once Mamdani Loses the Elite over Tax Increase, a Mass Exodus Is Bringing Back New York to 70s ‘Hell Hole’

EXCERPT:

AIDALA: "So, he wants to raise taxes on people who make the most money. What eventually is going to happen is you‘re going to lose that tax base. Once you lose that tax base, our bonds will get degraded. Now the city — the city budget will not be substantial enough to subsidize not only the cops, but the fire department, the sanitation department. Once you start losing Wall Street and people who pay 11,000, $12,000 a month to live on the Upper East Side, you‘re done. You‘re done. And you go back to the 70s when Gerald Ford said to New York, 'Drop dead,' and the whole fiscal crisis."