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GOVERNOR HUMILIATES NYC MAYOR — Blocks “Tax the Rich” Plan as Billionaires Threaten Mass Exodus Mayor Zohran Mamdani stood outside America’s most expensive penthouse on Tax Day and proudly announced his plan to tax the ultra-wealthy and raise property taxes by nearly 10%. One week later, Ken Griffin’s Citadel sent a chilling memo: $6 billion and 21,000 jobs could leave New York forever.Governor Kathy Hochul just killed the entire scheme.With a $5.4 billion deficit and a proposed $127 billion budget (yes, bigger than last year), Mamdani is now out of options. No new taxes on the rich. No massive property tax hike. Just a giant financial hole and mounting pressure.This is the moment New Yorkers have been warning about. The top 1% already pay over 40% of city income taxes. When they leave (and many already are), the burden falls on regular families, renters, and small businesses. Higher rents. Higher costs. Fewer jobs.Hochul just protected her reelection. Mamdani is left holding the bag. Is this the beginning of the end for New York’s war on wealth? Or will the Mayor finally make the tough cuts he’s been avoiding?