Vornado C.E.O. Blasts Mamdani’s Tax-the-Rich Approach in Earnings Call
The New York Times • • general
Key Points:
- Steven Roth, CEO of Vornado Realty Trust, condemned Mayor Zohran Mamdani's "tax-the-rich" rhetoric during an earnings call, equating it to a pro-Palestinian rallying cry.
- Roth compared the phrase "tax the rich" expressed with anger to hateful racial slurs and the controversial phrase "from the river to the sea," which some interpret as a call for ethnic cleansing.
- He argued that the phrase unfairly demonizes wealthy individuals and criticized Mamdani for targeting billionaire Kenneth C. Griffin in his campaign to increase taxes on the rich to fund New York City programs.
