New York City Mayor-elect Zohran Mamdani , a democratic socialist who says he wants to hike taxes on the rich, set off alarm among some critics about a potential exodus of wealthy people bent on keeping their money out of government coffers. As the warning goes, a tax increase at the top could drive away affluent New Yorkers and undercut revenue meant to fund proposals like universal child care, free city buses and publicly owned grocery stores. John Catsimatidis, the billionaire owner of grocery chain Gristedes, told the Free Press in June he may "consider closing our supermarkets and selling the business" in the event of a Mamdani victory. Neil Blumenthal, the co-founder and co-C.E.O of eyewear company Warby Parker, said, “I will never move from New York, but there’s a lot of other peopl

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