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
Trump demands CNN's Natasha Bertrand to be 'thrown out like a dog'

Trump insists that CNN’s Natasha Bertrand should be removed abruptly

America’s most faithful left-wing journalist strikes again – and President Trump is…
Karen Read trial jury foreman calls on FBI to investigate Boston police officer's death

Karen Read trial jury foreman calls on FBI to investigate Boston police officer’s death

NEWYou can now listen to Fox News articles! The jury foreman in…
Federal prosecutors tell judge they will deport Kilmar Abrego Garcia to a third country after detention

Federal prosecutors tell judge they will deport Kilmar Abrego Garcia to a third country after detention

NEWYou can now listen to Fox News articles! Federal prosecutors on Thursday…
Faith Kipyegon runs fastest mile ever by a woman, but falls short of sub-4 goal

Faith Kipyegon sets new record for fastest mile by a woman, misses out on sub-4 target

Faith Kipyegon’s attempt to become the first woman to run a mile…
Iran's supreme leader, in public statement, says Iran achieved victory over Israel

Iran’s supreme leader declares victory over Israel in public statement

Iran’s Supreme Leader Ayatollah Ali Khamenei claimed victory over Israel and said…
Congress is considering borrowing limits on federal student loans

“Exploring Potential Borrowing Constraints for Federal Student Loans by Congress”

() Congress is still hashing out the details of President Trump’s “big,…
NYC Mayor Eric Adams set to announce reelection campaign

Eric Adams, the Mayor of New York City, is expected to declare his intention to run for reelection.

() New York City Mayor Adams is set to make an announcement…
Multiple arrests after violent mob attacks Portland ICE facility with fireworks and knives

Multiple arrests after violent mob attacks Portland ICE facility with fireworks and knives

NEWYou can now listen to Fox News articles! Multiple people have been…