New York sees $11b loss after millionaires flee, Mamdani continues push to tax rich

By Sky News Australia

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Sky News Digital Presenter Gabriella Power says millionaires who have left New York have caused an almost $11 billion loss in tax revenue. “Millionaires are fleeing by the day,” Ms Power said. “It comes amid more fears that Mamdani’s push to tax the rich will just drive out wealthy taxpayers.”

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