The former Republican mayor of Boca Raton has expressed his disagreement with the economic and tax policies of New York City Mayor Zoran Mamdani, suggesting that the trend of business owners and job creators relocating to states like Florida may continue. Scott Singer, who is running for Congress as a Republican in Florida’s 25th District, stated, “You didn’t need to be a fortune teller to see this coming. Elect a Democratic socialist with a heavy tax agenda, and capital will flee.”
Mamdani has received significant criticism since taking office for his “tax the rich” agenda, including remarks from billionaire Ken Griffin, who has indicated he plans to invest more in Florida in light of the new taxes on the wealthy that Mamdani has promoted.
A New York City resident who has moved to Florida mentioned that the trend of departure “will continue naturally.”
According to reports, New York City has been experiencing a loss of affluent residents, leading to billions in income decline due to a shift in its population. Singer remarked that people are beginning to realize it’s unwise to impose further taxes when the state already has the highest rates in the country, “It’s just not going to work; people will keep leaving.”
Mamdani recently highlighted a proposal aimed at generating at least $500 million annually by taxing luxury second homes owned by the ultra-wealthy. Nevertheless, Singer disagreed with the logic of this policy. “Part-time residents are already paying hefty taxes; adding another 11%? They receive no services for that. So, what’s the reason for them to invest there? It’s just going to drive down property values and reduce job opportunities.”
Singer believes that the focus should be on fostering job growth, decreasing taxes, and minimizing government interference to retain and attract jobs.
Fox News Digital reached out to Mamdani’s office for a statement. In response to concerns about the wealthy leaving the city due to high taxes, Mamdani previously described this as an “imaginary” threat. He reflected on his time as a state legislator, asserting that even after implementing tax increases on the wealthy, the number of billionaires had increased.
New York City’s population had declined in 2025, preceding Mamdani’s tenure, with around 12,000 residents leaving. However, the city saw a rebound of 70,000 in 2023 and 163,000 in 2024, driven largely by an uptick in immigration, including asylum seekers.
