It's true that there are about $500 million dollars that will come from a pied-à-terre tax on second homes, which effectively is a tax on the rich.

It's also true that billions of dollars (i.e. considerably more than $500 million) come from deferring pension fund payments, which is generally a bad thing that kicks the can down the road and is not what Mamdani campaigned on.

He campaigned on things like corporate tax hikes and additional taxes on the rich far beyond the pied-à-terre tax. To date, these have not materialized.

I like the guy, and I hope he starts actually doing the things, but we need to hold politicians accountable when they don't do what they said they would do. If he weren't a socialist, he wouldn't be getting a pass here.

He's got plenty of time to turn it around, but as it stands, I don't find it controversial to say the reporting on this budget has been a bit more spin than win.