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
Humboldt Park, Chicago shooting today: Cop fatally shoots wanted vehicle's driver after he hits woman, CTA bus on Homan Avenue

Humboldt Park Incident: Officer-Involved Shooting Results in Fatality After Driver Collides with Pedestrian and CTA Bus

CHICAGO — A dramatic incident unfolded on Chicago’s Northwest Side Monday evening…
Pope's new car: Pope Leo's student, Ford Chicago Assembly Plant worker Adarthus Harper, helps create Ford Explorer Pope Mobile

Pope’s New Vehicle: Ford Chicago Assembly Plant Worker and Former Student of Pope Leo, Adarthus Harper, Contributes to Creation of New Ford Explorer Popemobile

CHICAGO (WLS) — It’s a rare fortune to find your life intersecting…
Pentagon says 140 troops wounded in Iran war, most injuries minor

Pentagon Reports 140 U.S. Troops Injured in Iran Conflict, Majority Sustain Minor Injuries

The War Department has reported that approximately 140 American troops have been…
California bishop’s alleged secret double life explodes into felony case

Shocking Revelation: California Bishop’s Double Life Leads to Felony Charges

A bishop from California is under scrutiny with over a dozen felony…
Jan. 6 plaque honoring police officers is now displayed at the Capitol after a 3-year delay

Capitol Honors Courage: Jan. 6 Police Officers Plaque Finally Unveiled After 3-Year Wait

WASHINGTON — Those visiting the U.S. Capitol can now witness a tangible…
Texas fishing tournament winner arrested over cheating scandal

Texas Fishing Contest Champion Arrested Amid Cheating Allegations

An angler in hot water faces felony charges after allegations surfaced of…
Rubio Zeroes in on Iran, Shreds 'Hostage Diplomacy' During 'Hostage and Wrongful Detainee' Ceremony

Marco Rubio Condemns Iran’s ‘Hostage Diplomacy’ at High-Profile Detainee Ceremony

Addressing the pressing issue of the Iran conflict, Secretary of State Marco…
NYC's minimum wage could hit $30 under new proposed law

Proposed Legislation Could Raise NYC Minimum Wage to $30

The New York City Council is poised to introduce a groundbreaking proposal…
Dems who backed California climate plan now beg regulators to rethink rule that could spike gas prices

California Climate Controversy: Lawmakers Urge Re-Evaluation Over Potential Gas Price Surge

A faction of California’s Democratic legislators, who supported revisions to the state’s…
Salla Reindeer Cup draws fans for traditional reindeer racing

Experience the Thrill of Tradition: Salla Reindeer Cup Captivates Fans with Exciting Reindeer Racing

In the town of Salla, Finland, a long-standing tradition continues to captivate…
Ohio State President Ted Carter blew up $1.5M job, 45-year marriage over 'inappropriate relationship' with podcaster: report

Ohio State President Ted Carter’s $1.5M Career and 45-Year Marriage Impacted by Alleged Inappropriate Relationship with Podcaster

Ohio State University’s President, “Ted” Carter Jr., recently faced a dramatic and…
Daredevil motorcyclist wanted after high-speed escape from Pasadena cops

High-Speed Thrills: Pasadena’s Daredevil Motorcyclist on the Run from Law Enforcement

A daring motorcyclist managed to evade law enforcement in a dramatic and…