CNBC host Jim Cramer quips wealthy New Yorkers may ‘get shot' if Zohran Mamdani becomes NYC mayor
CNBC's Jim Cramer joked that wealthy New Yorkers may get shot while colleague David Faber quipped that one way to lower rent in New York City is to 'stop all business and drive everybody out' as the two co-hosts envisioned life in the Big Apple 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.'
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3 CNBC's Jim Cramer joked that wealthy people may get shot in New York City if Zohran Mamdani becomes the next mayor.
'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.'
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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.
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3 Cramer and co-host David Faber, who co-anchor the network's 'Squawk on the Street,' reacted on Wednesday to Mamdani's shock victory in Tuesday's Democratic mayoral primary.
'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.
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3 Zohran Mamdani, the Democratic nominee for mayor, has advocated for rent freezes and government-run grocery stores.
AFP via Getty Images
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.
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