Kevin O'Leary condemned New York City mayoral candidate Zohran Mamdani's economic policies, stating they will drive businesses and capital away from the city. Mamdani, focusing on progressive platforms, promises to lower costs in NYC through initiatives like a $30 minimum wage and tax increases on wealthy residents and businesses. O'Leary warned that these changes would lead to a deteriorating economic environment, effectively saying they are transforming New York into an 'American nightmare.' He also criticized Mamdani's idea of eliminating bus fares and creating city-owned grocery stores as detrimental to the city’s economy.
O'Leary stated, "You can't do this in an environment where there's competition of other states. The money just leaves. The tax base leaves. The capital leaves."
Mamdani aims to 'lower costs and make life easier' through policies like a $30 minimum wage and tax hikes on businesses and the rich.
Kevin O'Leary criticized Mamdani's proposals, claiming they would turn New York into 'the American nightmare' as investments would flee the city.
Mamdani also wants to eliminate city bus fares and improve bus services with priority lanes, emphasizing a progressive economic platform.
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