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New York City at risk of higher taxes, Tim Pool warns

New York City at risk of higher taxes, Tim Pool warns
New York faces budget gap after Amazon exit

Tim Pool recalls the episode when Alexandria Ocasio-Cortez helped push Amazon to abandon its plans in New York City. He says this resulted in the city losing billions in tax revenue and now facing a budget crisis.

Pool adds that Zohran Mamdani is warning that higher taxes on the working class may be needed as a consequence.

Tim Pool has previously commented on wealth and income trends in the United States. He noted that the average millionaire earns a $165,000 annual salary, highlighting the high income required to reach this status. Pool also claimed that the average baby boomer and Gen Xer is now a millionaire, citing recent economic statistics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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