Wall Street has a new enemy: a little-known 33-year-old democratic socialist who is standing for mayor in New York City.
Zohran Mamdani, who represents part of the borough of Queens in the state legislature, has pledged to raise taxes on the rich to fund free buses and childcare, as well as city-owned grocery stores.
His surge of popularity against former New York governor Andrew Cuomo, a longtime fixture of the political scene who resigned in 2021 after facing accusations of sexual harassment (which he denies) has alarmed the city’s business elite, who have joined forces to prevent the newcomer from winning the vote.
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