Kevin O’Leary calls Mamdani’s NYC tax plan ‘sheer blind stupidity’ as wealth flees the city
Kevin O'Leary criticized Mayor Mamdani's tax plan for New York City, labeling it as 'sheer blind stupidity.' He argued that the proposed tax increases on wealthy individuals and corporations could drive away investment and economic activity. The debate raises important questions about how cities can balance revenue needs with maintaining a competitive environment for growth.
- ▪Kevin O'Leary called Mayor Mamdani's tax plan for NYC 'sheer blind stupidity' during an appearance on FOX Business.
- ▪Mamdani's proposal aims to raise taxes on wealthy individuals and corporations in NYC.
- ▪O'Leary warned that such policies could discourage investment and economic activity that cities depend on.
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Metro Kevin O’Leary calls Mamdani’s NYC tax plan ‘sheer blind stupidity’ as wealth flees the city By Arabella Bennett, Fox Business Published April 29, 2026, 2:34 a.m. ET Originally Published by: US headed for ‘additional military combat,’ Iran ‘hanging by a thread,’ warns Kudlow Citadel CEO threatens to drop $6 billion NYC project after Mamdani video Disney reveals position on ESPN spinoff speculation after years of rumors A renewed push to raise taxes on wealthy individuals and corporations in New York City is drawing criticism from business leaders as policymakers weigh how to balance budgets without driving away investment.
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