Zohran Mamdani, a Democratic mayoral candidate for New York City, was recently asked whether he believes billionaires have a right to exist. In his response, Mamdani emphasised the issue of economic inequality and the need for a more equitable society.
“I don’t think that we should have billionaires. Because, frankly, it is so much money in a moment of such inequality, and ultimately what we need more of is equality across our city and across our state and across our country,” he said while speaking to NBC News’ Meet the Press.
“And I look forward to working with everyone, including billionaires, to make a city that is fair for all of them,” he added.
On Sunday, Mamdani also spoke about his plans to raise taxes on the wealthiest people living in the Big Apple, and said, “Ultimately, the reason I want to increase these taxes on the top 1%, the most profitable corporations, is to increase quality of life for everyone, including those who are going to be taxed.”
He credited his plan to raise taxes on the wealthy as one of the key tenets of his platform that helped him win the primary.
“We’re seeing strong support for our vision to tax the top 1% of New Yorkers—those earning a million dollars or more annually. Our proposal is to impose an additional 2% tax on this group, and we expect that support to grow even further in the coming months.”
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