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The list of billionaires spending big in a last-ditch effort to keep Zohran Mamdani from becoming NYC mayor
(www.businessinsider.com)
this post was submitted on 27 Oct 2025
503 points (99.8% liked)
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The thing I think a lot of people miss when talking about how harshly billionaires oppose him, is that the billionaires are not afraid of a socialist, or a democratic socialist, or paying 2% more in taxes. Not just that anyway.
They are afraid of having elected officials they can't buy. If you're a billionaire, it doesn't matter if Cuomo, or Adams wins. You may have a preference, but you can "donate to" either of those guys. They'll take the money.
Taxes are nothing compared to the way they fear public support for ethical, economic-populism.
The irony is they could have gotten rid of him for a fraction of the cost, by donating to him and when asked about it after the fact saying they'd "come to an understanding" with his campaign. That would erode trust faster than all the racist mailers money can buy.
It is entirely about control to them and making everyone beneath them their bitch. If you could logically argue that for 1% of their networth they can turn the planet into a paradise and have a 100% approval rating among the entire world and people would be building statues of them and singing songs of praise centuries after they die they would still say no to that. Because everything has to be about them being in control and ordering everyone and everything.