World’s largest asset management firm CEO is worried about how Mamdani is running New YorkWorld’s largest asset management firm CEO is worried about how Mamdani is running New York

BlackRock CEO Larry Fink voiced concerns about New York City’s business climate. He noted that 47% of city tax revenue comes from the top 1% of taxpayers. Fink stated that inadequate services do not justify the current tax burden for residents. He believes economic growth should be prioritized over tax policy by policymakers. Fink suggested that BlackRock might deploy US resources elsewhere if conditions weaken.