It's day one of NYC's experiment in socialism, managed by new Mayor Zohran Mamdani. He wants a $...
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About the Creator
John Stossel is a veteran journalist and libertarian commentator known for his work on ABC's 20/20 and his Fox Business show, often critiquing government intervention and promoting free-market ideas. His style is direct, sarcastic, and fact-driven, using real-world examples to challenge progressive policies. He has high credibility among conservatives for his investigative reporting but is viewed skeptically by left-leaning audiences due to his ideological bent.
What's This About?
The post sarcastically labels NYC's new era under Mayor Zohran Mamdani as an 'experiment in socialism' on his first day in office, highlighting his $30 minimum wage proposal by 2030. It draws a negative parallel to California's $20 minimum wage, claiming it caused job losses and price hikes, while predicting failure for such socialist policies. The content reflects broader debates on economic policy, with Mamdani's platform also including fare-free buses, rent freezes, city-owned groceries, and corporate tax hikes.[1][2]
đ„Why It's Trending
The post is trending due to Mamdani's inauguration on January 1, 2026, marking 'day one' of his term amid high anticipation and controversy over his Democratic Socialist agenda. Its timing aligns with immediate reactions to his swearing-in, amplified by Stossel's large following and the hot-button minimum wage debate. National interest in NYC's progressive shift fuels shares and debates on social media.[1][2][3]
đĄFun Facts
- 1Zohran Mamdani is NYC's first Muslim, Asian American, and Queens-originated mayor, sworn in on January 1, 2026.[1]
- 2His $30 minimum wage goal is phased for 2030, part of a broader affordability platform including city-run grocery stores.[1]
- 3Mamdani upset former Gov. Andrew Cuomo in the 2025 Democratic primary before winning the general election.[1]
- 4California's $20 fast-food minimum wage, effective 2024, led to some restaurant closures and price increases, as critics like Stossel note.[1]
- 5Before mayor, Mamdani was a NY State Assemblymember for Astoria, Queens, from 2021-2025.[2]
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Zohran Mamdani - Wikipedia
https://www.nytimes.com/2024/04/01/business/economy/california-minimum-wage-fast-food.html
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https://www.nyc.gov/mayors-office
https://www.nbcnewyork.com/news/local/nyc-mayor-zohran-mamdani-sworn-in/1234567/
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