Mamdani’s ‘Tax the Rich’ Slogan Is ‘Just as Hateful’ as Racial Slurs, New York Real Estate Titan Says
Steven Roth said Mamdani’s rhetoric was hateful and urged the mayor to close the $5.4 billion gap by managing spending.
- On Tuesday, Vornado Realty Trust CEO Steven Roth criticized New York City Mayor Zohran Mamdani during an earnings call, comparing calls to "tax the rich" to "disgusting racial slurs."
- Mamdani's plan to tax luxury second homes valued above $5 million sparked the outrage, particularly after the mayor filmed a video outside Citadel CEO Ken Griffin's $238 million penthouse.
- Business leaders rallied to Griffin's defense, and Citadel's leadership suggested pausing a $6 billion office tower project with Vornado in response to the video.
- Mamdani's office responded that the city's tax system is "fundamentally broken" and needs reform to make New York City more affordable for all residents.
- Across the country, officials are pursuing similar tax hikes on high earners; Massachusetts, Washington State, and Rhode Island have implemented or planned taxes on income over $1 million.
19 Articles
19 Articles
Mamdani’s ‘tax the rich’ slogan is ‘just as hateful’ as racial slurs, New York real estate titan says
No one likes higher taxes. But New York City Mayor Zohran Mamdani’s plan to tax wealthy residents’ second homes has elicited a highly emotional response from two of the city’s richest.
Amerikanska fastighetsmagnaten Steve Roth jämställer slagordet -tax the rich-med rasistiska uttryck. Detta med anledning av ett lagförslag som ska ge stöd till New Yorks borgmästare Zohran Mamdanis ambition att höja katten för välbärgade personer och företag.
'Just as hateful as racial slurs': Ex-Trump aide melts down at 'tax the rich' slogan
A billionaire real estate magnate demanded that the ultra-rich be "praised and thanked" in an earnings call reported by Politico on Tuesday — and compared New York City Mayor Zohran Mamdani's calls to "tax the rich" to racial slurs.“I must say that I consider the phrase tax the rich — quote tax the ...
Real estate titan compares ‘tax the rich’ slogan to racial slurs
NEW YORK — Real estate magnate Steve Roth is standing strong with fellow billionaire Ken Griffin in his spat with Mayor Zohran Mamdani. Instead of being singled out and scorned in viral videos, Roth, CEO of Vornado Realty Trust, thinks the ultra-rich should be “praised and thanked” and said calls to tax them more are akin to racial slurs. “I must say that I consider the phrase tax the rich — quote tax the rich — when spit out with anger and cont…
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