The Damage Report
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Billionaire CEO Says The UNIMAGINABLE In Tantrum Against Mamdani's New Tax
Posted
May 9, 2026
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5:44Now PlayingBillionaire CEO loses it in tantrum over the public and politicians calling out billionaires and proposing wealth taxes with claims that its is similar to a racial slur. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
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UltraWealthy CEO Says 'Tax The Rich' Akin To A Racial Slur
"New York City Mayor Zohran Mamdani’s plan to tax the city’s ultra-rich residents to help patch a $5.4 billion fiscal hole is getting pushback from the ultra-rich, at least one of whom believes “tax the rich” is akin to a racial slur.
Steven Roth, the CEO of Vornado Realty Trust, used his company’s earnings call on Tuesday to complain about Mamdani’s rhetoric.
“I must say that I consider the phrase ‘tax the rich,’ quote, tax the rich, when spit out with anger and contempt by politicians both here and across the country to be just as hateful as some disgusting racial slurs ― and even the phrase ‘from the river to the sea,’” Roth told investors on the call.
The second part of Roth’s quote, “from the river to the sea,” refers to a slogan adopted by pro-Palestinian activists. The line ends, “Palestine will be free.”"
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