Wall Street girds for life under Mamdani, worries about New York City's business appeal

Contributing sentiments towards policy:

58% : But when you think about the increase in taxes at the small-business level, corporate level ... that has a significant impact.
51% : Wall Street braced for change with the election of democratic socialist Zohran Mamdani as mayor of New York City on Tuesday, an outcome set to reverberate in the heart of global capitalism as financiers worry about the city's competitiveness and business appeal.
43% : While many investors and financiers say they can sympathize with the affordability issues Mamdani has raised, they expressed broad misgivings about his tax policies.
42% : "Actual policy often turns out much more benign than campaign rhetoric, but if other major cities follow this pattern, markets may start pricing in more tax and regulatory risks," Lyulkin said.
33% : His policies also include hiking taxes on New York City's wealthiest and raising the corporation tax, driving worries among the finance community that the city's competitiveness will suffer.

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