📌 Key Facts

• Taxing the Wealthy: Zohran Mamdani, the Democratic nominee for New York City mayor, aims to implement progressive taxation policies, advocating for increased taxes on the wealthy to make the city more affordable. This resonates with 73% of voters nationwide who support higher taxes on the affluent to strengthen social programs.
• Public Perception of Socialism: Despite Mamdani's progressive stance, social programs backed by socialism are viewed negatively by 65% of voters, reflecting a heightened skepticism toward this economic model. Support for socialism is particularly strong among very liberal voters, while majorities of Republicans and independents disfavor it.
• Endorsement of Capitalism: Capitalism remains favored by a significant portion of the electorate, with double the number of voters rating it positively compared to socialism. However, the favorable rating for capitalism has decreased from 57% to 53% since 2019.
• Demographic Insights: The survey indicates that younger voters exhibit a negative outlook toward both socialism and capitalism, with 56% viewing socialism unfavorably and 61% seeing capitalism negatively. This trend highlights a generational divide in economic preferences.
• Political Party Perspectives: Support for taxing the wealthy largely transcends party lines, with 89% of Democrats, 78% of independents, and 56% of Republicans in favor. However, Republicans show significantly lower support for wealth redistribution compared to Democrats and independents.

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