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"Destroys Small Businesses" – Mamdani’s Socialist Wealth Tax Could BANKRUPT New York
Posted
July 27, 2026
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17:12Now PlayingPatrick Bet-David and the Home Team debate Mamdani's proposed tax on $5 million second homes, Bernie Sanders' minimum-wage argument and AOC's growing power. As socialism gains favor among Democrats, could higher taxes drive wealth out of New York and destroy the party's chances nationally come 2028?
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Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.
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