Other than taxpayers, bodega owners stand to be some of the biggest losers if New York Mayor Zohran Mamdani (D) realizes his dream of city-run grocery stores.
The democratic socialist said last month that he wants the new stores to undercut the going market price for a basket of essential staples by 30 percent. But corner markets survive on profit margins that are a tiny fraction of that. Unlike their future state-subsidized competitors, they also pay rent and utilities.