Wall Street’s billions are wrecking Mamdani’s excuse for tax hikes
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Wall Street’s billions are wrecking Mamdani’s excuse for tax hikes
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Mayor Zohran Mamdani may rail against Wall Street capitalists, but they’re showering him with so much cash, he may no longer be able to cry poverty as an excuse for tax hikes.
A report Tuesday from state Comptroller Tom DiNapoli shows New York security-industry profits for the first half of 2026 surged a stunning 51.3%, year over year, to $45.9 billion.
That’s more than the city projected for the entire year.
With that come some jaw-dropping bonuses: As The Post’s James Franey reports, 20 bosses at Goldman Sachs will share a whopping $500 million bonus pool — among the biggest payouts the bank’s ever awarded.
The stunning gains put the industry on pace to hit a record $90 billion by year’s end.
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