Even Zohran Mamdani¡¯s detractors recognize that the vibes are with the 33-year-old democratic socialist.

¡°It¡¯s officially hot commie summer,¡± hedge fund billionaire Dan Loeb wrote on X, after Mamdani shocked the Democratic establishment by crushing Andrew Cuomo in the party¡¯s primary for the New York City mayoral race.

It¡¯s a quip that masks deep anxiety among the city¡¯s elite that a Mamdani win in the general election in November would lead to higher taxes and a subsequent exodus of wealthy residents from the five boroughs.