Mamdani just set off a devastating domino effect with his new tax on the second homes of the wealthy in New York City. He's bragging about forcing those evil capitalists to pay their fair share so the City can fund more libraries. But has he ever actually done the MATH? And I mean real math, not socialist math. Because the rich homeowners will do the real math. And they'll LEAVE. Socialist math ALWAYS leads to suffering for the very people it promised to lift up. Here's what Mamdani just set into motion: First, high-end owners will just dump their properties. Why pay the tax when it's cheaper to rent a nice hotel? And they'll sell low because 1) NOBODY wants to pay that tax, so buyers will just factor it into the property's cost and offer less, and 2) the longer the sellers wait to sell, the more they're being taxed. So, selling low is cheaper. Because math. That will drive down luxury property values citywide. Sounds great, right? Well... unless you're a developer. Let's say you've already gotten funding from the bank to build new housing, including that affordable housing the socialists love so much. But now, the expensive units at the top of the building won't sell for nearly as much as the bank was hoping for. So, they run the math and the project stops. Now, all that's left is a giant hole. And all those people hired to build that building - hundreds of excavators, plumbers, electricians, and ironworkers - just lost their jobs, their hourly paychecks, and their pension credits for the year. From there, it's more basic math - supply and demand. The supply doesn't get built, so the demand increases and the rent for other affordable units goes up. The policy sold as "pro-working class" just made their lives more expensive. But at least the City will generate more taxes for the libraries, right? Nope. The rich will dump their second homes, so there goes that tax money. Nobody will want to buy that property as a second home, so maybe it will sell to someone living there full time. That's a win by Mamdani's math, but it also means nobody's paying that tax anymore. And also, all those people who just lost their jobs won't be paying taxes either. But hey, at least you stuck it to the capitalists! That's socialism in a nutshell. Thanks, Mamdani.