Core Viewpoint - The article discusses the rise of Zohran Mamdani, a Democratic Socialist candidate for New York City mayor, who won the Democratic primary with a focus on wealth redistribution and addressing income inequality in the city [3][6]. Group 1: Wealth Tax Proposal - Mamdani proposes a 2% "wealth tax" on individuals earning over $1 million annually, which is expected to generate $3.7 to $4 billion in revenue for the city to fund public services like free transit and affordable housing [6]. - The number of millionaires in New York has increased by 36% over six years, while 25% of the city's residents live below the poverty line, highlighting the growing wealth gap [6][8]. Group 2: Political Reactions - Business leaders, including hedge fund manager Bill Ackman, have expressed strong opposition to Mamdani's tax proposals, warning that they could make New York less attractive for businesses [8][12]. - Former New York Governor David Paterson has called for a united front among other candidates to counter Mamdani's appeal to younger voters, emphasizing the need for pragmatic solutions [14][18]. Group 3: Election Dynamics - Current polls show Mamdani leading with 35% support, but his path to victory is complicated by potential splits within the Democratic Party, particularly from former Governor Cuomo, who may run as an independent [20][22]. - The upcoming mayoral election is framed as a choice between radical egalitarianism represented by Mamdani and the warnings from the business community about the economic consequences of increased taxation [22][24].