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alexandria ocasio-cortez
Tax the Rich, Say Mamdani, Sanders, and NYC Inauguration Crowd
"For too long in our city, freedom has belonged only to those who can afford to buy it," said the new mayor. "Our City Hall will change that."
Jan 01, 2026
"Tax the rich. Tax the rich. Tax the rich."
The chants broke out at City Hall in New York on Thursday as US Sen. Bernie Sanders (I-Vt.) addressed the crowd before swearing in Mayor Zohran Mamdani, a democratic socialist who campaigned on a platform that prioritized NYC's working class.
"Demanding that the wealthy and large corporations start paying their fair share of taxes is not radical. It is exactly the right thing to do," declared Sanders—who endorsed Mamdani even before his June primary victory over former Democratic New York Gov. Andrew Cuomo and "the billionaire-backed status quo."
The 34-year-old mayor on Thursday described Brooklyn-born Sanders—50 years his senior—as "the man whose leadership I seek most to emulate, who I am so grateful to be sworn in by today."
During the afternoon inauguration ceremony—which followed an early morning swearing-in at the abandoned subway station beneath City Hall—Mamdani also called for taxing the rich as he reiterated the agenda that secured him over 1.1 million votes in November.
"Beginning today, we will govern expansively and audaciously. We may not always succeed, but never will we be accused of lacking the courage to try," he said. "To those who insist that the era of big government is over, hear me when I say this: No longer will City Hall hesitate to use its power to improve New Yorkers' lives."
"Here, where the language of the New Deal was born, we will return the vast resources of this city to the workers who call it home," Mamdani vowed. "Not only will we make it possible for every New Yorker to afford a life they love once again, we will overcome the isolation that too many feel, and connect the people of this city to one another."
The mayor said that "the cost of childcare will no longer discourage young adults from starting a family, because we will deliver universal childcare for the many by taxing the wealthiest few. Those in rent-stabilized homes will no longer dread the latest rent hike, because we will freeze the rent."
"Getting on a bus without worrying about a fare hike or whether you'll be late to your destination will no longer be deemed a small miracle, because we will make buses fast and free," he continued. "These policies are not simply about the costs we make free, but the lives we fill with freedom. For too long in our city, freedom has belonged only to those who can afford to buy it. Our City Hall will change that."
The ceremony also featured remarks from another early Mamdani supporter, Congresswoman Alexandria Ocasio-Cortez (D-NY), as well as the swearing-in of Jumaane Williams for a third term as New York City's public advocate and Mark Levine, the new comptroller.
"New York, we have chosen courage over fear," said Ocasio-Cortez, whose district spans the Bronx and Queens. "We have chosen prosperity for the many over spoils for the few. And when the entrenched ways would rather have us dig in our feet and seek refuge in the past, we have chosen instead to turn towards making a new future for all of us."
AOC: New York City has chosen the ambitious pursuit of universal childcare, affordable rents and housing and clean and dignified public transit for all. We have chosen that over the distractions of bigotry and the barbarism of extreme income inequality
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— Acyn (@acyn.bsky.social) January 1, 2026 at 1:47 PM
As NYC kicked off the new year with progressive city leadership, 2025 findings from the Bloomberg Billionaire Index sparked fresh wealth tax demands. According to the tracker, the world's 500 richest people added a record $2.2 trillion to their collective fortunes last year. About a quarter of that went to just eight Big Tech billionaires: Jeff Bezos, Sergey Brin, Michael Dell, Larry Ellison, Jensen Huang, Elon Musk, Larry Page, and Mark Zuckerberg.
In New York, Mamdani has proposed raising the state corporate tax rate from 8.85% to 11.5% and hiking taxes for individuals who make more than $1 million a year. Achieving those goals would require cooperation from state legislators.
Mamdani acknowledged Thursday that for much of history, the response from City Hall to the question of who New York belongs to has been, "It belongs only to the wealthy and well-connected, those who never strain to capture the attention of those in power."
In the years ahead, he pledged, "City Hall will deliver an agenda of safety, affordability, and abundance, where government looks and lives like the people it represents, never flinches in the fight against corporate greed, and refuses to cower before challenges that others have deemed too complicated."
"Together, we will tell a new story of our city," the mayor said. "This will not be a tale of one city, governed only by the 1%. Nor will it be a tale of two cities, the rich versus the poor. It will be a tale of 8.5 million cities, each of them a New Yorker with hopes and fears, each a universe, each of them woven together."
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Mamdani Inauguration Set for Site Befitting Public Transit Champion
Fellow democratic socialists Alexandria Ocasio-Cortez and Bernie Sanders will feature prominently in the swearing-in of New York City's next mayor.
Dec 30, 2025
Democratic New York City Mayor-elect Zohran Mamdani's inauguration Thursday will feature luminaries of the left including US Sen. Bernie Sanders and Congresswoman Alexandria Ocasio-Cortez, who will gather to swear in the democratic socialist in a location befitting a candidate who ran on a transit-forward platform.
Mamdani will be officially sworn by Democratic New York Attorney General Letitia James during a private ceremony attended by members of his family in the abandoned—but well-preserved—Old City Hall subway station, Streetsblog first reported.
"When Old City Hall Station first opened in 1904—one of New York’s 28 original subway stations—it was a physical monument to a city that dared to be both beautiful and build great things that would transform working peoples’ lives," Mamdani said in a statement.
"That ambition need not be a memory confined only to our past, nor must it be isolated only to the tunnels beneath City Hall: It will be the purpose of the administration fortunate enough to serve New Yorkers from the building above," he added.
Mamdan ran on a platform of fare-free city buses—to be funded by tax hikes on corporations and wealthy individuals—improved public transit performance, sustainability and emissions reduction, technology-enhanced mobility, and multimodal integration.
"When I take my oath from the station at the dawn of the New Year, I will do so humbled by the opportunity to lead millions of New Yorkers into a new era of opportunity, and honored to carry forward our city’s legacy of greatness," Mamdani said.
Mamdani is set to be ceremoniously sworn in at a 1:00 pm public event at City Hall alongside incoming Comptroller Mark Levine and reelected Public Advocate Jumaane Williams, both Democrats. CNN reported Tuesday that Mamdani will be introduced by Ocasio-Cortez (D-NY).
“For the many New Yorkers who have long felt betrayed by a broken status quo, Congresswoman Alexandria Ocasio-Cortez embodies a new kind of politics that puts working people at the heart of it,” Mamdani said in a statement.
“I’ve been so proud to count her as a partner across the many stages of our people-powered movement—from the primary campaign to our Forest Hills rally in October to the very first day of the transition—and I’m honored that she’ll be a part of our historic City Hall inauguration," he added.
Sanders (I-Vt.) will subsequently administer the oath of office to Mamdani.
“His victory is not just about one city or one election, it is about the strength of a working-class movement that says unequivocally: The future of New York belongs to the people, not the billionaire class," Sanders said last week of Mamdani. "It is my honor to swear him in as the next mayor of New York City.”
Streetsblog reported that the ceremonial inauguration will take place alongside a car-free block party on Broadway.
While Republicans—and plenty of so-called "moderate" Democrats—are unnerved by the prospect of Mamdani's mayordom, a recent Rasmussen survey found that a majority of all US voters under the age of 40 want a democratic socialist to be the next president of the United States.
"A significant majority of Americans are sick of the neoliberal 'let the rich run things because they know best' bullshit that Republicans, 'tech bros,' and a shrinking minority of on-the-take Democratic politicians embrace," frequent Common Dreams opinion contributor Thom Hartmann wrote last week.
"The exploding popularity of progressive politicians from Zorhan Mamdani to Bernie Sanders, [Democratic Texas Congresswoman] Jasmine Crockett, and Alexandria Ocasio-Cortez aren’t an anomaly," he added, "they’re a signpost to both electoral and governing success for the next generation of genuinely progressive Democratic politicians."
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Can a New 'New Deal' Wipe Out Corporate Control of the Democratic Party?
The exploding popularity of progressive politicians and the policies they embrace is not an anomaly. It's a signpost.
Dec 22, 2025
The media is freaking out over a new Rasmussen poll that found:
“A majority of voters under 40 want a democratic socialist to win the White House in the next presidential election.
“… 51% of Likely U.S. Voters ages 18 to 39 would like to see a democratic socialist candidate win the 2028 presidential election. Thirty-six percent (36%) don’t want a democratic socialist to win in 2028, while 17% are not sure. …
“Among the youngest cohort (ages 18-24) of voters, 57% want a democratic socialist to win the next presidential election…
“Among those who voted for Kamala Harris in last year’s presidential election, 78% would like to see a democratic socialist candidate win the 2028 presidential election…” (emphasis added)
I was on Ali Velshi’s MSNOW show yesterday morning discussing this, along with Michael Green who recently wrote a thought-provoking article about how the official poverty line in America is completely out-of-date and out of touch with the needs of most Americans. I shared a few statistics from my recent book The Hidden History of the American Dream: the Demise of the Middle Class and How to Rescue Our Future:
- When, in 1957, my dad bought the house I grew up in, the average cost of a single-family home in America was about 2.2 times the average annual wage. Today it’s more than ten times the average wage.
- When my Boomer generation was the same age as today’s Millennials, we owned a bit over 22% of the nation’s wealth; Millennials today control only about 4% of the country’s wealth (and it’s the same for Zoomers).
- From the 1930s right up until the Reagan Revolution, it was possible for seniors to live comfortably on Social Security alone; Reagan undid that with his “reforms” so today that’s nearly impossible.
- When I ran my first seriously successful business in the early 1970s, it cost me around $35/month for comprehensive health insurance for each of my 18 employees; at that time hospitals and health insurance companies were required by Michigan law (where I lived; most other states were identical) to be run as non-profits. Today, health insurance can be as much as one-fifth of a company’s payroll expense.
- When Reagan came into office in 1981, a single wage earner could support a family with a middle-class lifestyle, and fully 65% of us were in the middle class (up from around 20% in the 1930s). Today, after 44 years of Reaganomics, it takes two full-time people to achieve the same status, which triggers huge childcare expenses, which is part of why only 43% of us are middle class .
FDR’s great — and successful — Democratic Socialist experiment following the Republican Great Depression was to drive the economy from the bottom up, reversing the “Horse and Sparrow” trickle-down economics and deregulation of the Harding, Coolidge, and Hoover administrations that provoked the Great Crash.
He did that by:
- Expanding the notion of the commons — the stuff we all collectively own and is administered or funded and regulated by government — to include free public education nationwide (and cheap college), old-age retirement (Social Security), and public power and transportation systems (Tennessee Valley Authority, federal support for local transit, roads and highways).
- Legalizing unions, an effort that was so successful that when Reagan came into office fully a third of us had good union jobs and, because they set the local wage floors, two-thirds of Americans had the equivalent of a union wage and benefit package.
- Establishing a minimum wage on which a single worker could raise a family of three and still stay above the federal poverty level (today’s federal minimum wage is $7.25: adjusted with the Consumer Price Index, that $1.60 minimum wage in 1968 is equivalent to about $14.90 an hour in 2025 dollars).
In the years since, we’ve continued to expand the commons by establishing national single-payer healthcare systems for low-income people (Medicaid) and retired people (Medicare), both of which came out of LBJ’s Democratic Socialist program that he called The Great Society.
Meanwhile, Republicans and a few neoliberal Democrats have pushed back against these Democratic Socialist programs that made the American middle class the first in the history of the world to exceed more than half the population.
- Reagan’s war on unions has cut our union membership down to well under 10% in the private sector.
- His gutting federal funding for education has exploded college costs to the point where three generations are saddled with over $2 trillion in debt that can’t be discharged by bankruptcy.
- Reagan’s tax cuts for the rich (from 74% down to 27%) and corporations tripled the national debt (from $800 billion to $2.4 trillion) just in his eight years; since then the four GW Bush and Trump tax cuts have, when combined with Reagan’s, produced a $38 trillion national debt so big that we now spend more on servicing their debt than we do on our defense budget or would on administering a national healthcare system.
Back in the 1940s, after the incredible success of the New Deal, President Roosevelt wanted to further expand the commons by expanding the scope of his Democratic Socialist programs. Just before he died, he proposed a “Second Bill of Rights” that included:
- “The right to a useful and remunerative job in the nation’s industries, shops, farms, or mines. (Unionization and an above-poverty-level minimum wage.)
- “The right to earn enough to provide adequate food, clothing, and recreation. (Ditto and government as the employer of last resort.)
- “The right of every farmer to raise and sell products at a return that gives his family a decent living. (Don’t manipulate farm prices with stupid tariff wars, etc., and make the government the purchaser of last resort.)
- “The right of every businessperson, large and small, to trade free from unfair competition and domination by monopolies. (Break up the giant corporations and encourage average people to start small businesses, including with loan supports.)
- “The right of every family to a decent home. (Today this would mean no more corporations, hedge funds, and foreign billionaires owning single-family homes to squeeze us dry by jacking up rents.)
- “The right to adequate medical care and the opportunity to enjoy good health. (FDR favored a single-payer healthcare system like Medicare for All.)
- “The right to protection from the economic fears of old age, sickness, accident, and unemployment (i.e., robust Social Security, Medicare, and unemployment insurance).
- “The right to a good education.” (Free or inexpensive college, quality public schools in every community.)
Much to the chagrin of my Republican-activist father, my grandfather (a 1917 Norwegian immigrant) frequently and proudly described himself as a socialist. When I asked him what he meant, he always pointed me to FDR, the New Deal, and his proposed Second Bill of Rights.
And here we are again.
My grandfather’s generation saw up-close and firsthand the tax-cutting and deregulation binge of the Roaring 20’s (which were only “roaring” for the morbidly rich), and then had the lived experience of watching FDR put the country back together and create the world’s first widespread middle class.
Millennials and Zoomers today are seeing the same thing, between the Bush Housing Crash of 2008, the botched Covid Crash of 2020, and the GOP’s relentless program to drive the wealth of the nation into the money bins of the billionaires who own that party.
They see the example of most European countries, where the commons includes college (many will actually pay you a stipend to attend), healthcare, and daycare/preschool, and union density is often well above 80%. Housing is subsidized or heavily regulated, leading several to have essentially ended homelessness. Giant corporate monopolies are prohibited and local small businesses are encouraged.
Europeans call these programs Democratic Socialism or social democracy, and young Americans clearly are enthusiastic about bringing the “European Dream” to this country.
My sense is that — much like in the 1930s — a significant majority of Americans are sick of the neoliberal “let the rich run things because they know best” bullshit that Republicans, “Tech Bros,” and a shrinking minority of on-the-take Democratic politicians embrace.
Meanwhile, nobody’s sure why the Democratic National Committee (DNC) is refusing to release the autopsy they did of the 2024 election, producing speculation it may have uncovered examples of Russian and Republican manipulation of both voters and the vote, but I’m guessing the real reason is that the neoliberals who largely run the DNC saw feedback that reflected the Rasmussen poll I opened this article with.
The exploding popularity of progressive politicians from Zorhan Mamdani to Bernie Sanders, Jasmine Crockett, and Alexandria Ocasio-Cortez aren’t an anomaly; they’re a signpost to both electoral and governing success for the next generation of genuinely progressive Democratic politicians.
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