Abbreviated version of Mamdani's post to keep the post compact:
🚨 MAMDANI: “The wealth of a median white household in the city is more than $200,000, while that of a black household is less than $20,000 … We are reckoning with the long history of racism here and starting to act upon a framework that puts equity right at the center of it.” pic.twitter.com/W53H10fmFm
— Chief Nerd (@TheChiefNerd) April 7, 2026
Mamdani's latest argument for huge increases in NYC taxes is because of racial inequity. The median white household in NYC has $200,000 in assets. While the median black household is worth only $20,000.
1) Just a note. Average Head of household in NYC is 53 yrs old. Assuming working for 30 years and constant saving rates, it means whites averaged saving $175/month. And black households a whopping $18/month. The financial capital of the USA? No wonder we are doomed.
2) What Mamdani leaves out is that median black family with $20K in assets averages between $30,000 and $40,000 per year in extra services (Medicaid, Food Stamps, Housing, Senior Housing...). The white family is not eligible for a penny of it.
Personally, I would say that one of these head of households knows how to play the welfare game better than the other and leave it at that.
But I am willing to take Mamdani at face value and say it is blatant racism and it must end.
Even liberals are not that stupid, by and large they are simply evil.