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
Calls for justice at Harlem funeral of boy, 2, whose dad is accused of beating him to death

Heartfelt Pleas for Justice Echo at Harlem Funeral for 2-Year-Old Boy, Allegedly Killed by Father

At just 32 months old, Maliek Morrison’s life was tragically cut short,…
American released from Indonesia jail after serving 11 years for 'suitcase murder' as US case looms

Chicago Native Deported from Bali Following Prison Release for Murder, Arrested During Return Flight to U.S.

A Chicago man, previously convicted in the notorious 2014 suitcase murder case…
$900M taken from solar panel program and pumped into Dem. voting activism, CAL DOGE claims

Controversial $900M Diversion from Solar Panel Initiative to Democratic Voting Activism Sparks Debate, Says CAL DOGE

CAL DOGE has made a bold claim that close to $1 billion…
NYPD arrests suspect in park attack on officers that Mamdani dismissed as 'snowball fight'

NYPD Nabs Suspect in Controversial Park Incident Amid Mamdani’s ‘Snowball Fight’ Remarks

In a noteworthy development, the New York Police Department apprehended a 27-year-old…
Trump spotlights victims of repeat offenders and illegal aliens in emotional SOTU

Trump’s SOTU: A Powerful Focus on the Impact of Repeat Offenders and Illegal Immigrants

During his State of the Union address on Tuesday night, President Donald…
Millionaire philanthropist allegedly gunned down by worker in female wig; ambushes Maryland trooper: police

Shocking Twist: Maryland Millionaire’s Tragic Demise in Bizarre Wig-Wearing Worker Ambush

A 22-year-old employee from an assisted living facility, accused of donning long…
Child predator cleared for parole arrested after surprise warrant drops hours before prison release

Last-Minute Arrest: Parolee’s Release Halted by Unexpected Warrant

A convicted child molester from California, who was on the verge of…
Repeat offender kills 2 deputies days after $50K bond despite long violent record: police

Outrage Erupts as Repeat Offender Murders Two Deputies After Release on $50K Bond

A violent repeat offender with a notorious record for shooting at law…
2026 Oscars: Javier Bardem, Chris Evans, Chase Infiniti, Demi Moore to present at 98th Academy Awards

Javier Bardem, Chris Evans, Chase Infiniti, and Demi Moore Announced as Presenters for the 98th Academy Awards in 2026

Anticipation is building as more celebrities have been confirmed to present at…
$328 million Ponzi scheme uncovered leading to Florida man arrest

Florida Man Arrested in Massive $328 Million Ponzi Scheme Bust

A Florida resident has been apprehended on federal charges in connection with…
Stowaway Svetlana Dali arrested again after sneaking onto Newark-to-Milan flight: sources

Svetlana Dali Detained Once More After Boarding Newark-to-Milan Flight Undetected: Sources Report

Svetlana Dali, who previously gained notoriety for boarding a flight to Paris…
Adorable video shows mama bear taking shelter under Lake Tahoe cabin with her newborn cubs

Heartwarming Moment: Mama Bear and Newborn Cubs Find Cozy Refuge Under Lake Tahoe Cabin

Prepare to be charmed by some irresistibly adorable cubs! A heartwarming video…