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Zohran Mamdani, Wikimedia Commons
By Rachel Greszler, The Daily Signal, November 23, 2025
Rachel Greszler is a senior research fellow in workforce and public finance in the Thomas A. Roe Institute for economic policy studies at The Heritage Foundation. Read her research.
Originally published by The Washington Times.
We publish a variety of perspectives. Nothing written here is to be construed as representing the views of The Daily Signal.This article was first published Nov. 22 in 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.”
In other words, would-be central planner Mamdani believes that he can improve overall societal well-being through redistribution and that he can improve individual people’s lives by taking more of their money and spending it better than they could.
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