Democratic socialist Zohran Mamdani is leading the race to become New York City’s next mayor, despite fierce opposition from billionaire donors. Mamdani’s platform includes a 2% tax hike on millionaires and a belief that billionaires shouldn’t exist—positions that have triggered millions in spending from elites backing rival Andrew Cuomo.
Zohran Mamdani Leading NYC Mayoral Race
Groups like Fix the City and Defend NYC have raised nearly $10 million since the June primary. Billionaires including Joe Gebbia, Bill Ackman, Ronald and William Lauder, Steve Wynn, Daniel Loeb, Alice Walton, and Laurie Tisch have each contributed over $100,000. Mamdani calls their panic proof of his movement’s power.
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