We got a big kick out of yesterday’s WSJ article quoting a bunch of mostly young Wall Street millionaires and rich corporate lawyers who support New York mayoral candidate and socialist Zohran Mamdani’s pledge to raise taxes on the rich.

“In my eyes, I should absolutely be paying my fair share for the people that need it,” says James Hueston, a 27-year old venture capitalist. “I don’t think that he’s increasing taxation for the sake of it. I think that he’s doing it to fund very explicitly good policies.”

If wealthy people like Hueston think life in New York City is so inequitable, nothing is stopping them from writing a bigger check to the government so it can give more free stuff away.

The Journal notes that political perversity among New York City elites has a long history:  “Tom Wolfe coined the term “radical chic” in 1970, after attending a farcically out-of-touch fundraiser for the Black Panthers at Leonard Bernstein’s 13-room duplex overlooking Central Park.”

New York has the highest taxes on millionaires (almost 14%, on top of the federal 37% rate) anywhere in North America. And no city has lost more wealth.

This headline from The New York Post from a few weeks ago should give Manhattan voters pause:

That was in just the last five years. If Mamdani wins, South Florida is going to get really, really rich.