For startets, the revenue raised makes NYC as a city more sustainable by funding social programs for the normal people who keep the lights on.

Thanks, I feel sort of stupid for failing to notice that it would if nothing else just increase tax revenue. I was stuck in a perspective that this was about increasing housing stock.

Yeah Mamdani is firing on all fronts.

There is plan to add to the housing stock as well: https://www.nyc.gov/mayors-office/news/2026/05/mayor-mamdani...

He is also aggressively going after landlords withholding repairs, maintaining dilapidated units, etc. and thus tackling the quality of the housing stock problem.

That's because he's planning to fail upwards. None of his plans will result in positive outcomes but they'll look good on paper.

So he'll move to a higher office and leave his messes for the next sucker.

Those are some strong claims to make without so much as listing, much less explaining or sourcing, the negative outcomes you so positively forecast.

Also outcomes are generally not positive or negative in & of themselves: if you could specify who exactly you anticipate will be worse off, it would make your comment much more insightful.

First off, Mamdani does strike me as the kind of politician who is genuinely happy in his role and not someone who's treating it as a stepping stone to a higher office.

Secondly... the track record of NYC mayors' post-mayoral careers is abysmal. Not one mayor appears to have successfully held elected office after their mayorship. There's one failed bid for NY governor (unexpected primary loss to the senior Cuomo), and four failed bids for president, the most successful of which being Bloomberg's 4th place showing in the 2020 Democratic primary. So as a springboard to higher office, NYC mayor is absolute garbage.