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PulseReporter > Blog > Money > Zohran Mamdani does not assume there needs to be billionaires however would work with them
Money

Zohran Mamdani does not assume there needs to be billionaires however would work with them

Pulse Reporter
Last updated: June 29, 2025 7:26 pm
Pulse Reporter 5 hours ago
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Zohran Mamdani does not assume there needs to be billionaires however would work with them
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Zohran Mamdani, the New York Metropolis mayoral candidate who describes himself as a democratic socialist, has a dim view of the ultra-rich however continues to be keen to work with them.

In an interview on NBC’s Meet the Press with Kristen Welker on Sunday, he was requested if billionaires have a proper to exist.

“I don’t assume that we should always have billionaires, as a result of, frankly, it’s so a lot cash in a second of such inequality,” he replied. “And in the end, what we want extra of is equality throughout our metropolis and throughout our state and throughout our nation. And I stay up for work with everybody, together with billionaires, to make a metropolis that’s fairer for all of them.”

Mamdani shocked the political institution on Tuesday by successful the Democratic major for the mayor’s race.

His platform consists of making bus service free, freezing rents on rent-stabilized residences, almost doubling the minimal wage to $30, constructing city-owned grocery shops, and mountaineering taxes on the highest 1% of earners within the metropolis, amongst different issues.

On NBC on Sunday, Mamdani was additionally requested if he’s a communist, which President Donald Trump has accused him of being.

“No, I’m not,” he mentioned. “And I’ve already needed to begin to get used to the truth that the president will speak about how I look, how I sound, the place I’m from, who I’m, in the end as a result of he needs to distract from what I’m combating for. And I’m combating for the very working people who he ran a marketing campaign to empower, that he has since then betrayed.”

In the meantime, Mamdani’s opponents want to the town’s normal election on Nov. 4. Incumbent mayor Eric Adams is now working for re-election as an unbiased after dropping within the Democratic major. And Andrew Cuomo, who was additionally defeated within the major, will nonetheless seem on the town’s normal election poll in November on the unbiased poll line. 

Hedge-fund billionaire Invoice Ackman has pledged to bankroll any mayoral candidate able to defeating Mamdani, saying he and his rich associates are able to commit “a whole bunch of hundreds of thousands of {dollars}.”

“So if the appropriate candidate would increase his or her hand tomorrow, the funds will pour in,” Ackman posted to social media on Wednesday.

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