Mayor Zohran Mamdani's latest tax proposal has struck a nerve, sparking outrage from critics who foresee a mass exodus from New York City to Florida. Former Boca Raton Mayor Scott Singer is leading the charge, lambasting Mamdani's attempt to tax luxury second homes.

Singer, a GOP congressional candidate in Florida, argues that Mamdani's policies are a recipe for economic disaster. He warns that wealthy residents and businesses will flee, drawn to the lower taxes and friendlier business environments of red states like Florida.

‘I didn't have to be a soothsayer to know that when you elect a Democrat socialist with far-left ideas that are just intent on taxing, taxing, taxing and have plans that have no hope of passing, you're going to cause more capital to flee,’ Singer told Fox News.

Mamdani's tax plan, which targets ultra-wealthy owners of luxury second homes, aims to generate $500 million annually. However, critics argue that this approach will depress property values and stifle job creation. Singer's vision for the future includes job growth and lower taxes, a stark contrast to Mamdani's policies.

Mamdani, however, dismisses these concerns as imagined, citing a past increase in millionaire residents despite previous tax hikes. Yet, the threat of an exodus remains a hot topic, with New York City's population having already declined in 2025.

As Mamdani's policies continue to polarize, the debate over their impact on New York City's economic future shows no signs of cooling.