No, New York City’s wealthiest are not fleeing the city after Mamdani’s win

Conservatives warned of a mass exodus if the democratic socialist won, but experts, and property data, paint a very different picture

The warnings were stark. If Zohran Mamdani were to win the New York City mayoral election, his plans to raise taxes - slightly - on the city's wealthiest residents would cause millionaires to bolt en masse, decamping to lower-tax states such as Florida and Texas.

The New York Post, a conservative tabloid owned by Rupert Murdoch, told readers on an almost daily basis through October that New York would effectively become a ghost town under Mamdani's mayoralty, a propaganda campaign that concluded the day before the election with the bombastic claim that nearly a million" people were planning to flee".