Ken Griffin, founder and CEO of multinational hedge fund Citadel, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2026. AFP via Getty Images The Issue: Mayor Mamdani’s “tax the rich” antics driving billionaires’ businesses out of NYC.
Mayor Mamdani figures that big business and the rich will tolerate his hostility.
This is a false assumption (“Going . . . Zo-ing . . . Gone!” May 7).
In the post-COVID world, we see that corporations and the rich do not have to be concentrated in New York City or Chicago.
Ken Griffin’s Citadel abandoned Chicago for Miami, and it is doing just fine.
Chase Bank has more employees in Texas than in New York.
There is an old economics adage: The more you tax something, the less you get of it.
Mamdani thought it was funny to do a video saying he will tax rich people like Ken Griffin.
Now, Griffin and Marc Rowan say they will increase their companies’ employment down south instead of in New York.
When wealthy residents and corporations begin moving jobs and money out, the city loses more than billionaires — it loses the associated tax revenue that funds public services.
At the same time, Mamdani keeps demanding expanded social programs.
Who will be left to pay for it all, Mr. Socialist?
Class warfare may win headlines and be the political darling, but it is a hideous economic strategy.
Mamdani’s tax-the-rich offensive shows he is living in a vacuum.
The effect will be a loss of city services, increased taxes on the middle class and a parade of wealthy job providers like Ken Griffin marching out of the city.
It is one thing to be an ideologue, but it is quite another for the mayor to have received a first-rate education and still be unable to do math.
Mamdani wants to tax the rich, but that’s only possible if they live and work in the city.
Now, two financial titans are fighting back. Griffin and Rowan expanding in other states will cost the city millions.
Socialism never works, and that’s especially true when there are other options available to the high-tax-rated people.
Couple that with more city residents heading to other states, and his strategy could end up being a net negative.
At some point, the only Gothamites that Mayor Putz Jr. will have left to tax will be those unable to leave the city.
Will he then offer them a ride out of town on his free bus?
The Issue: The sentencing of Emine Ozsoy’s attacker, whose 2023 subway shove left her paralyzed.
When Kamal Semrade deliberately pushed Emine Ozsoy into a moving train, he intended to kill her, as logically found by a jury (“Doomed by pure ‘evil,’ ” May 7).
Yet he only got 20 years in prison, effectively rewarding his failure to accomplish his goal.
Had he killed her, he could’ve been sentenced to life.
But Ozsoy still sits in a wheelchair, suffering physically and emotionally, which is her own life sentence.
Emine will spend her life paralyzed from the shoulders down and completely dependent on 24/7 care.
Semrade deserved 100 years of solitary confinement for this.
Now he will be out soon, able to push more people onto the subway tracks.
The sentence should’ve been: Semrade will walk out of prison the day Emine can walk again, no sooner.
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