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New York mayoral hopeful says billionaires shouldn’t exist

Related: Zohran Mamdani declares historic victory over Andrew Cuomo in NYC mayor race
  • New York mayoral candidate Zohran Mamdani, a democratic socialist, has defended his proposal to tax the city’s wealthiest one percent to address inequality, asserting that there should be no billionaires.
  • Mamdani, who is poised to become the Democratic nominee after a significant primary win, plans to implement an additional two percent tax on New Yorkers earning $1 million or more annually.
  • Donald Trump strongly criticized Mamdani, labeling him a "communist" and warning that New York would become a "communistic city" if he is elected mayor.
  • Mamdani denied the communist label, suggesting Trump's attacks aim to distract from his advocacy for working-class citizens.
  • The upcoming mayoral election is anticipated to be a three-way contest involving Mamdani, incumbent Mayor Eric Adams, and Republican Curtis Sliwa.
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