Bill Ackman responds to NYC Mayor Zohran Mamdani taxing the rich

00:00 Speaker A

What do you make of what the mayor has said recently, uh, Mayor Mamdani?

00:04 Mayor Mamdani

Well, today, we’re taxing the rich.

00:06 Speaker B

I don’t want to move out of New York City, uh, and I what I certainly don’t want the mayor to do is encourage other people to move out. We don’t want to lose Ken Griffin

00:14 Speaker B

and Citadel. And so the the business model of New York City works in in large part because it’s the finance capital of the world, uh, and a lot of very talented, you know, finance people, hedge funds, etc., want to locate here.

00:26 Speaker B

You don’t want to discourage them from doing so. I hear he doesn’t like billionaires, okay? Um, but, you know what? Uh because of billionaires, New York City can offer the poor citizens a much better, uh, way of life.