Mamdani's tax hike will land him 'Real Estate Agent of the Year' after inevitable exodus: Kevin O'Leary
Share this @internewscast.com

Mr. Wonderful, also known as Kevin O’Leary, has a rather sarcastic take on the latest proposal from New York City’s Mayor Zohran Mamdani.

O’Leary jokingly applauded the mayor’s plan for a 9.5% property tax increase, calling it “bat cuckoo crazy” and predicting it will earn Mamdani the title of “Real Estate Agent of the Year” soon.

“What he’s suggesting is utterly outlandish, but I find it amusing. You residents here, you’re not contributing enough. You should be paying 110% because cutting spending isn’t on his agenda,” O’Leary commented during an appearance on CNN’s “NewsNight.”

Earlier that day, Mamdani unveiled his ambitious $127 billion preliminary budget, which includes the hefty tax hike.

The proposed increase serves as a warning to Albany and Governor Kathy Hochul, pressing them to approve his desired income tax hike targeting millionaires.

Mamdani clarified that these tax hikes would be a “last resort” if the state government fails to meet his demands.

“The options of the second path are the options of last resort, options that we will only employ if there is no other means of arriving at a balanced budget,” he said.

O’Leary claims Mamdani’s initiatives will push New Yorkers out of the Big Apple in a mass exodus that would benefit his own business in Florida.

“Probably sometime next year, within the next 12 to 18 months, I will meet him in Miami and give him real estate agent of the year award because I’m not happy with what’s happening.

“Everybody from New York, New Jersey and Massachusetts is moving into my neighborhood,” the “Shark Tank” star said about the frustrations with his new neighbors in Miami Beach. “I’m pissed off, and this guy’s just doing more of it.”

An enthusiastic O’Leary was told to stop yelling by host Abby Phillips as the panel discussed income tax hikes in the city over the past 10 years.

“I’m not mad about it, I’m excited, because I want you to pay not me,” O’Leary shot back.

The Post has reached out to City Hall.

“The View” co-host Ana Navarro sided with O’Leary, saying the targeted New Yorkers would find a way to get out of paying the taxes.

“When you put a hike on taxes just on the very wealthy, you run the risk of those very wealthy not paying it because they’ll find a way to have a loophole and skirt those taxes, even if it means moving to Indian Creek (Florida) and living in a billionaire’s bunker,” Navarro said.

“It’s not the person making a million dollars a year, which in New York it’s not as much as it sounds, it’s the person making $50 million that’s moving,” she added.

Share this @internewscast.com
You May Also Like
Iranian-American activist Masih Alinejad torches phony Kamala Harris over former Vice President's criticism of Trump

Iranian-American Activist Masih Alinejad Criticizes Vice President Harris for Remarks on Trump

Kamala, who? An outspoken Iranian-American activist, who has narrowly escaped multiple assassination…
'Hoppers,' Disney-Pixar's latest animated adventure, features beavers as animal superheroes

Disney-Pixar’s New Animated Feature ‘Hoppers’ Showcases Beavers as Heroic Superheroes

LOS ANGELES — Beavers take center stage as the unlikely heroes in…
Small plane crashes into Phoenix home minutes after takeoff, injuring 3

Plane Crashes into Phoenix Home Shortly After Takeoff, Leaving Three Injured

Debris from a small aircraft was precariously left hanging from a rooftop…
US tests Minuteman III nuclear-capable missile off California coast

United States Conducts Test Launch of Minuteman III Missile off California Coast

In a display of military prowess, the United States conducted a test…
Ex-'American Idol' contestant staged crime scene in alleged murder of wife: court docs

Family of Woman Allegedly Murdered by Former ‘American Idol’ Contestant Seeks Clarity on Life Insurance Details

The family of a woman allegedly murdered by her husband has enlisted…
Senate Republicans block Iran war powers resolution with House vote up next

Senate Republicans Halt Iran War Powers Resolution: Eyes Turn to Upcoming House Vote

On Wednesday, Republican senators thwarted a Democratic effort to curb President Trump’s…
NYC Dept of Education employee arrested, charged with murder of Bronx father

Shocking Arrest: NYC Education Employee Faces Murder Charges in Bronx Case

A worker from New York City’s education sector has been detained on…
Courtney Love teases a Hole reunion tour

Rock Legends Reignite: Courtney Love Hints at Epic Hole Reunion Tour

Courtney Love and Melissa Auf der Maur are hinting that their grunge…
Peter Schweizer: Trump Has Ended the Bush-Era 'Pottery Barn Rule' with Iran

Peter Schweizer Claims Trump Has Abandoned Bush-Era Policy on Iran

President Donald Trump is not launching a new “forever war” with Iran;…
Long Island judge blocks release of Justin Timberlake's drunk driving arrest -- for now

Long Island Judge Temporarily Halts Release of Justin Timberlake’s DUI Arrest Records

A Long Island judge has temporarily halted the release of bodycam footage…
US scrambles fighter jets to track 2 Russian warplanes flying near American airspace

US Fighter Jets Mobilized: Russian Warplanes Approach American Airspace – What You Need to Know

On Wednesday, NORAD dispatched U.S. and Canadian fighter jets in response to…
Man who opened fire near Santa Clarita school emerges pantless after standoff

Pantless Suspect Surrenders Following Santa Clarita School Shooting Standoff

A gun-wielding individual unleashed chaos near a Southern California elementary school, eventually…