By Rachel Greszler, The Daily Signal - The crux of socialism is that central government planners believe they know better than individual people how to allocate resources across an economy... That is why the newly elected New York City mayor, self-proclaimed Democrat socialist Zohran Mamdani, believes the wealthiest people should pay more than half of what they earn to the government. While defending his proposed 54% top marginal income tax rate in a recent Fox News interview, Mamdani said: “My point is this. If you are making $1 million in New York City, or more than that, you can afford to pay 2% more, and the reasons you can afford to do so is because that money will be used to better your quality of life as well.”