New York City Mayor Zohran Mamdani is frustrated. Albany won't let him enact the extortive taxes on high earners that he wants, and he can't find enough money to balance the city's existing budget -- let alone finance his wish list of entitlements and "grand experiments." To construct "affordable housing" alone, Mamdani promised to spend $100 billion over his tenure.

If only there were a giant pile of money sitting around that Mamdani could tap for social spending that New Yorkers aren't willing to pay for . . .

Oh, wait a second! From the New York Times today: "The city has five ...

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