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The Reason Roundtable

Can New York Survive Mamdani's Tax Plan?

The Reason Roundtable

The Reason Roundtable

News, Politics

4.51.5K Ratings

🗓️ 20 April 2026

⏱️ 65 minutes

🧾️ Download transcript

Summary

Plus: Trump orders psychedelic drug research, Palantir calls for national service, and confusion surrounds Iran and the Strait of Hormuz.

Transcript

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0:00.0

New York mayor Zora and Mom Dani celebrated tax day by declaring, let's tax the rich, something

0:07.6

you're hearing a lot from Democrats these days.

0:10.7

But do wealth taxes actually work?

0:13.1

Are they good for New York?

0:14.8

Or are they just going to send the rich and their tax revenue to Florida?

0:19.4

Welcome to the Reason Roundtable.

0:21.3

This is your libertarian review of news and culture from the editors of Reason Magazine.

0:25.8

I'm your host, Peter Souterman.

0:26.9

And today I am joined by my colleagues, Catherine Mangyew Ward, Matt Welch, and Nick Gillespie.

0:35.2

All right.

0:36.3

So, Catherine, Mom Downey's big tax day message wasn't just tax the rich.

0:40.8

It was even more specific than that. It was, let's tax this one very specific rich guy. He was

0:47.0

standing in front of Ken Griffin's apartment. Aren't there laws that say basically the government

0:53.0

can't tax just one guy?

0:55.9

Yeah.

0:56.2

I mean, this is obviously he has the cover of having just been, it was a for instance.

1:01.9

It just so happened.

1:02.7

This guy was an example of the law.

1:04.8

But there is a point where you're getting a very, very narrow pool of victims on your tax. And in New York's

1:11.5

case, it is people who own real estate worth more than $5 million who also do not have New York

1:16.8

as their primary residence. So that's like not a ton of people. And the part of the part of the

1:23.0

tax day message that kind of cracked me up is he was like, they are reaping the incredible financial

...

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