NYC Mayor Zohran Mamdani Thread

I haven’t even been paying attention to this dude. He did say he was gonna do this and damnit he did. Good.
 
farkie said:
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Literally just republicans screaming doom and gloom. Here are some of the talking points

  • Taxes and regulation is killing NYC, so both need to be cut
  • Mumdani and the other lady are pro criminals
  • Will lower electric bills by getting rid of green energy
  • Cancel it being a Sanctuary City
  • People are fed up and fleeing the city, mainly the rich
  • Claims Mumdani raised bus fairs


No real plan or thought out solution other than blame opponet for crime, and saying less taxes/regulations for the wealthy will solve everything. Same playbook that only works for the knuckle draggers
 
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Infamous114 said:
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My job is relocating our offices to Charlotte. A lot of other Wall Street companies are moving offices to Texas and Florida as well

The way the announcement sounded is they want to only have front office in ny and all back office in Charlotte. They already bought a building and is renovating it. We have an office in upstate ny and nj which they will probably close
 
Vagrant-718 said:
My job is relocating our offices to Charlotte. A lot of other Wall Street companies are moving offices to Texas and Florida as well

The way the announcement sounded is they want to only have front office in ny and all back office in Charlotte. They already bought a building and is renovating it. We have an office in upstate ny and nj which they will probably close
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Yea but companies have been trying this trend before Mumdani. And i've heard a lot of them havent been going so smooth, because the high ups relocate to the south for taxes, but then struggle to find talent down here, and or employees dont like the cities because the lack of infrastructure, schools ect.

No matter what its for or the amount rich people will whine. Yall remember when they added that $9 a day congestion toll on vehicles driving past a certain street during peak hours? Had millionaires saying the same script about how they cant afford it and they're leaving the city. In the end no one left, the toll did what it was supposed to, raise money for public transport and help kill a bunch of the traffic. People were happy with it.

This reminds me of the min wage argument. People against raising it claim raising it will hurt poor people by making companies replace workers, with self check out and kiosks. They dont raise it, and companies do that anyway. So you might as well fucking raise it.

They can
pretend all they want, but no red state in the south can replace NYC . The funny part is the reason NYC is largely unaffordable is things they've done, and now they're doing it in other places.
 
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Ken Griffin Pushes Back After Mamdani Features His $238 Million Penthouse in Tax-the-Rich Video​

In a letter to employees, Citadel chief operating officer subtly hints of a possible re-evaluation of New York City investment​

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Billionaire Ken Griffin is appalled that New York Mayor Zohran Mamdani used his 24,000-square-foot Manhattan penthouse last week as the backdrop for a tax-the-rich video, triggering a subtle threat to re-evaluate his firm’s investment in the city.

Mamdani was filmed in front of a property Griffin purchased at 220 Central Park South in 2019 for roughly $238 million, a deal that set a record for the highest-priced home ever sold in the U.S.
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“We’ve secured a pied-à-terre tax,” Mamdani said in the video posted April 15. “This is an annual fee on luxury properties worth more than $5 million, whose owners do not live full-time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238 million.”
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In an email sent midday Thursday to employees, which was reviewed by The Wall Street Journal, Griffin’s chief operating officer raised the possibility the company might not move forward with a massive new Midtown construction project.

“We are about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in mid-town New York,” wrote Gerald Beeson. “The project—if we move forward—will entail more than $6 billion dollars of spending.”
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Gov. Kathy Hochul last week offered Mamdani support for his plan to raise taxes on the wealthy with a proposal to tax luxury second homes in New York City. The new tax would help plug the city’s budget deficit.

Mamdani, a Democratic socialist, pledged during his campaign to increase taxes on the city’s millionaires and corporations, although only the governor and state lawmakers have the power to make those changes. Hochul, who is facing re-election this year, had previously opposed the mayor’s proposal.

Exterior of 220 Central Park South in NYC.
Ken Griffin purchased the property at 220 Central Park South in 2019 for roughly $238 million. Dorothy Hong for WSJ
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The email from Griffin’s chief operating officer was sent to employees at hedge-fund firm Citadel and Citadel Securities, Griffin’s market-making businesses. In 2022, Griffin announced the relocation of his company headquarters from Chicago to Miami, now his primary residence.
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The mayor’s press office didn’t immediately respond to an email seeking comment.

Beeson said the mayor’s video suggested he doesn’t appreciate how people like Griffin contribute to the greater good.


“It is shameful that he used Ken’s name as the example of those who supposedly aren’t carrying their fair share of the burdens associated with New York City’s often costly and wasteful spending,” the email said. “In doing so, the mayor has once again manifested the ignorance and disdain of the elite political class towards those who have been consistently committed to building one of the greatest cities in the world.”

Beeson wrote that over the past five years, Citadel “principals and team members (including nonresidents) have paid nearly $2.3 billion dollars in city and state taxes.” He also noted that Griffin has personally directed $650 million in charitable gifts to support New York City.

“We have nearly 2,500 colleagues who have chosen to build their careers here,” Beeson wrote. “We understand that our hard work and success will, on occasion, make us targets for political rhetoric. But it should not diminish the pride we take in building firms that will continue to help New York City thrive for decades ahead.”
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Billionaire investor Bill Ackman expressed solidarity with Griffin after Mamdani’s video was posted.

“We should be applauding Ken for spending $238 million in NYC, not attacking him for doing so,” Ackman wrote on social media. “Importantly, non-resident owners of NYC apartments who leave their apartments vacant for much of the year are not a burden to NYC schools, services, or other resources while they drive growth in retail sales, restaurants, theater, and other important drivers of our economy.”

Ackman added: “Ken’s company is a major employer in NYC of very high paying jobs which drive a considerable amount of our tax base. We wouldn’t want him to move even more employees to Miami.”
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