Lawmakers in blue states like California may prefer to tax the rich, but there’s always a risk: What if the rich just move elsewhere? Last week Assemblymember Alex Lee said he was introducing a new ...

Zohran Mamdani, a New York State Assembly member and candidate for New York City mayor, has introduced a “millionaire tax” aimed at high earners to bolster city services amid ongoing budgetary issues.

Lawmakers in blue states like California may prefer to tax the rich, but there’s always a risk: What if the rich just move elsewhere? Assemblymember Alex Lee said last week that he was introducing a ...