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Billionaires Lash Out After Zohran Mamdani Says There Shouldn’t Be Billionaires

  • Zohran Mamdani, a 33-year-old progressive Democrat, won the Democratic mayoral primary last Tuesday in New York City, a place known for having more billionaires than any other city worldwide.
  • Mamdani’s campaign, inspired by Martin Luther King Jr.'s call for better wealth distribution, centers on ending billionaires' existence amid growing inequality in New York City.
  • His platform includes raising taxes on the wealthiest one percent and profitable corporations to improve quality of life, a stance that drew criticism from billionaires and some experts warning of economic risks.
  • President Donald Trump branded Mamdani a 'communist lunatic' and predicted NYC would become communistic if Mamdani is elected mayor, while Mamdani denied being a communist on NBC's Meet the Press.
  • Mamdani’s victory signals a challenge to the city’s established political and economic powers, suggesting a shift toward populist policies amid resistance from wealthy interests and incumbent politicians.
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Indian-origin mayoral candidate from New York, Zohran Mamdani, is mired in controversies. Sometimes he is trolled for eating with his hands, and sometimes he himself makes absurd statements. Mamdani said in an interview that billionaires increase inequality, so we don't need them. The same thing was said in Cuba a few decades ago and wealth was equally distributed.

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Fox News broke the news in New York, United States on Sunday, June 29, 2025.
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