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
Who is El Mencho? Inside the rise of CJNG’s fallen kingpin and the cartel he built

Americans Share Harrowing Experiences Amid Mexico’s Unrest Following Cartel Leader’s Death

MEXICO CITY: Recent reports are surfacing about the experiences of Americans caught…
4 people on Florida boat killed by Cuban forces after entering its waters: officials

Cuban Forces Reportedly Kill Four Aboard Florida Vessel in Territorial Waters Incident

Cuban authorities have reported the fatal shooting of four individuals aboard an…
The Louvre names Christophe Leribault as boss months after historic jewel heist

Christophe Leribault Appointed Director of the Louvre Following Landmark Jewel Heist

PARIS — A new leader is set to take the helm at…
DNA is still pending as volunteers find another glove in the search for Nancy Guthrie

Authorities Set to Restore Nancy Guthrie’s Home to Family, Reports Confirm

Authorities are making arrangements to return Nancy Guthrie’s residence in the Tucson…
Nancy Guthrie's disappearance defies FBI kidnapping trends involving elderly victims

Chilling Sightings: Neighbor Reports Suspicious Activity Weeks Before Suspected Abduction of Nancy Guthrie

EXCLUSIVE: TUCSON, Ariz. — A resident of Tucson has come forward with…
Hockey star Johnny Gaudreau's murder case thrown into chaos

Shockwaves in Sports: Johnny Gaudreau’s Murder Case Faces Unprecedented Legal Turmoil

Johnny Gaudreau, a cherished figure in the hockey world, tragically lost his…
Minnesota middle school teaches 8th graders ICE 'harassed' migrants in geography class curriculum

Controversial Curriculum: Minnesota Middle School’s Geography Lesson on ICE Sparks Debate

In a recent incident at a Minnesota middle school, an 8th-grade geography…
Newsom's High Speed Rail CEO must go: Republican lawmaker

Republican Lawmaker Calls for New Leadership in Newsom’s High-Speed Rail Project

A legislator from California’s Central Valley is urging the resignation of Ian…
American who spent 11 years in prison for Bali 'suitcase murder' freed, deported: reports

American Released and Deported After 11 Years in Bali ‘Suitcase Murder’ Case: Reports

In a significant development, Indonesia has released and deported an American man…
Maryland senior center employee Marquis Emilio Jones arrested in killing millionaire philanthropist Robert G Fuller Jr

Shocking Arrest: Maryland Senior Center Employee Charged in Murder of Millionaire Philanthropist Robert G. Fuller Jr.

A 22-year-old employee at an assisted living facility is facing charges after…
Chicago community leaders, including Mayor Johnson, celebrate successes in violence prevention at South Shore Cultural Center

Mayor Johnson and Chicago Community Leaders Applaud Progress in Violence Prevention at South Shore Cultural Center Event

On Tuesday, Chicago’s battle against gun violence took center stage at the…
Lowlife in MAGA hat tries to kiss woman, spews racist comments, and lights her boots on fire on NYC street: cops

MAGA Hat-Wearing Attacker Targets Woman with Racist Tirade and Arson in Shocking NYC Incident

A disturbing incident unfolded on a Manhattan street when a man wearing…