NYC Mayor Announces Estate Tax Compromise [semi-satire]

New York City Mayor Zohran Mamdani is urging the state government to reduce the estate tax exemption from its current $7 million threshold down to $750,000 and raise the tax rate on estates from its current 16% to 50%. "Ideally, there would be no private property," he said. "Why should a person who has stolen millions of dollars from the collective be allowed to pass any of it to his heirs. In the Communist Manifesto, Marx called for the abolition of private property. When a person dies all that he possesses should be seized by the government so it can...