CNBC's Jim Cramer quips NYC's wealthy may 'get shot' if Mamdani becomes mayor
Share and Follow

CNBC’s Jim Cramer made a lighthearted comment suggesting that wealthy New Yorkers might be at risk of getting shot, while David Faber humorously proposed that one way to lower rent in New York City would be to “stop all business and drive everybody out.” The two co-hosts shared their thoughts on what life in the Big Apple could be like under Democratic mayoral nominee Zohran Mamdani.

Faber and Cramer, who co-anchor the network’s “Squawk on the Street,” reacted on Wednesday to Mamdani’s shock victory in Tuesday’s Democratic mayoral primary.

“The new mayor, potentially, of New York is going to freeze the rents and everybody eats for free,” Faber said mockingly. “So they don’t have to worry.”

“But how ’bout the rich?” Cramer said. “Do they get shot?”

“Yes, they get taken away,” Faber replied.

“Is this Lenin?” Cramer asked. “Not John Lennon.”

Faber predicted an exodus of well-heeled New Yorkers if Mamdani takes over.

“He wants to get the rents down,” Faber said. “One good way to do it is to stop all business and drive everybody out. That’ll bring the rent down.”

Cramer agreed.

“That’s a very good point,” Cramer said. “They’ll go to Jersey, where I am.”

Mamdani’s platform — and his rhetoric — have drawn a torrent of criticism from across the political spectrum.

Critics argue his proposals — including a rent freeze for 2.4 million stabilized apartments, construction of city-owned affordable homes, fare-free buses, universal free childcare and city-run grocery stores — are economically unfeasible and would require massive tax increases that could drive away businesses and investment.

The Partnership for New York City, representing nearly 300 CEOs, has warned that these plans could have unintended consequences for the city’s economy and its most vulnerable residents.

The Post has sought comment from Mamdani.

Share and Follow
You May Also Like
OG Anunoby is Jalen Brunson's closing partner in crime for Knicks

OG Anunoby Emerges as Jalen Brunson’s Key Teammate in Knicks’ Clutch Performances

Jalen Brunson, the current NBA Clutch Player of the Year, has emerged…
Trump administration backs off efforts to maintain control of California National Guard in LA, court docs show

Court Documents Reveal Trump Administration’s Shift on California National Guard Control in Los Angeles

The prolonged dispute between President Donald Trump and California Governor Gavin Newsom…
Mali and Burkina Faso announce reciprocal travel ban on US

Mali and Burkina Faso Implement Mutual Travel Ban on U.S. Citizens Amid Diplomatic Tensions

Mali and Burkina Faso have announced a travel ban targeting U.S. citizens,…
Woman wags her finger at journalist asking about daycare

Woman Responds Firmly to Journalist’s Inquiry on Daycare Matters

A woman wearing a headscarf expressed frustration at a journalist who queried…
The most unusual New Year's Eve traditions around the world revealed

Discover Unique New Year’s Eve Traditions from Across the Globe

New Year’s Eve is often one of the most eagerly awaited nights…
Winning '$1,000 A Week For Life' lottery ticket sold in St. Augustine

St. Augustine Resident Scores Big with Lifetime $1,000 Weekly Lottery Win

In a stroke of New Year’s luck, a lucky individual in St.…
Heartbreak after body found in search for missing teen

Tragic Discovery: Missing Teen’s Body Found in Heart-Wrenching Search

The mother of a missing teen heartbreakingly uttered “so close to home”…
Texas-based marine robotics company launches 55-day mission to find Malaysia Airlines flight wreckage

Texas Robotics Pioneer Embarks on Ambitious 55-Day Quest to Uncover Malaysia Airlines Mystery

A Texas-based marine robotics firm has launched a mission to unearth the…