Zohran Mamdani’s Plan to Punish the Rich Will Bleed New York City episode artwork

EPISODE · Mar 30, 2026 · 21 MIN

Zohran Mamdani’s Plan to Punish the Rich Will Bleed New York City

from The Dr. Phil Podcast

What happens when you “tax the rich”… and the rich leave? In this episode of The Real Story, we break down Zohran Mamdani’s plan to raise taxes — and why the outcome may be the opposite of what people expect.Here’s the reality: New York has already lost more than $500 billion in income. Over 125,000 residents have moved to Florida, taking billions with them. And the top 1% still pays over 40% of all income taxes. So what happens if more of them leave? You don’t just lose the rich. You lose the revenue. You lose the jobs. You lose the businesses that support entire communities. That’s not theory. That’s already happening. This isn’t about politics. It’s about outcomes. Because when you drive out the people funding your economy—you don’t redistribute wealth…you reduce it. For everyone.Sponsored by: Preserve Gold: Don’t react — have a plan. Get Dr. Phil’s FREE Wealth Protection Guide from Preserve Gold. Text PHIL to 50505 or go to https://DrPhilGold.com*NMLS 182334, https://nmlsconsumeraccess.org APR for rates in the 5s start at 6.196% for well qualified borrowers. Call 888-841-1319, for details about credit costs and terms. Or https://americanfinancing.net/PhilSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What happens when you “tax the rich”… and the rich leave? In this episode of The Real Story, we break down Zohran Mamdani’s plan to raise taxes — and why the outcome may be the opposite of what people expect.Here’s the reality: New York has already lost more than $500 billion in income. Over 125,000 residents have moved to Florida, taking billions with them. And the top 1% still pays over 40% of all income taxes. So what happens if more of them leave? You don’t just lose the rich. You lose the revenue. You lose the jobs. You lose the businesses that support entire communities. That’s not theory. That’s already happening. This isn’t about politics. It’s about outcomes. Because when you drive out the people funding your economy—you don’t redistribute wealth…you reduce it. For everyone.Sponsored by: Preserve Gold: Don’t react — have a plan. Get Dr. Phil’s FREE Wealth Protection Guide from Preserve Gold. Text PHIL to 50505 or go to https://DrPhilGold.com*NMLS 182334, https://nmlsconsumeraccess.org APR for rates in the 5s start at 6.196% for well qualified borrowers. Call 888-841-1319, for details about credit costs and terms. Or https://americanfinancing.net/Phil See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Zohran Mamdani’s Plan to Punish the Rich Will Bleed New York City

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This episode was published on March 30, 2026.

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What happens when you “tax the rich”… and the rich leave? In this episode of The Real Story, we break down Zohran Mamdani’s plan to raise taxes — and why the outcome may be the opposite of what people expect.Here’s the reality: New York has already...

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