One of ‘the Rich’ Answers Mamdani’s Insult

snitzoid
1 day ago
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Griffin was Illinois largest donor to charitable causes, that is until Gov Fatso chased Citadel out of the state. Now he's getting similar treatment in the Big Apple.

Ironic, I'd try anything to keep someone like Ken in town.

One of ‘the Rich’ Answers Mamdani’s Insult

The Mayor went after Ken Griffin by name. It could cost NYC billions.

The Editorial Board

April 26, 2026 3:35 pm ET

To promote the idea of a pied-à-terre tax in New York, Mayor Zohran Mamdani recently chose to personally attack one property holder, while suggesting that owners of second homes in the city don’t contribute to it. “We’re taxing the rich,” Mr. Mamdani said in an online video, gesturing toward “this penthouse, which hedge fund CEO Ken Griffin bought for $238 million.”

That call-out was nasty and unfair, and the Citadel CEO might not take it lying down. “We are about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in mid-town New York,” Gerald Beeson, Citadel’s chief operating officer, wrote employees Thursday. “The project—if we move forward—will entail more than $6 billion dollars of spending.”

If it goes forward.

Mr. Beeson’s email, as reported by the Journal, goes right at Mr. Mamdani. “It is shameful that he used Ken’s name as the example of those who supposedly aren’t carrying their fair share of the burdens associated with New York City’s often costly and wasteful spending,” the COO wrote. Over the past five years, Citadel team members “have paid nearly $2.3 billion dollars in city and state taxes.”

According to Mr. Beeson, his boss also has made $650 million in charitable gifts benefiting New York. There’s the Griffin Atrium at the Museum of Natural History, the Griffin Sidewalk Studio at Lincoln Center, and the coming Griffin Pavilion at Memorial Sloan Kettering Cancer Center.

Stigmatizing the rich by name is popular on the left these days, in the manner advised by Saul Alinsky. It’s good to see at least someone fighting back. More CEOs and others will have to do so if the U.S. is going to defeat what is becoming an ugly campaign to turn America into a socialist state.

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