‘Oh My Goodness!': Watch Elizabeth Warren Shut Down CNBC Host's Empty Mamdani Threats

Yahoo

12 hours ago

Sen. Elizabeth Warren (D-Mass.) sparred with CNBC's David Faber on Monday after the host warned about Democratic New York City mayoral nominee Zohran Mamdani's economic agenda: a push for affordable living in the Big Apple paid for by taxes on the rich.
Warren — who is now campaigningon behalf of the millennial democratic socialist — hit back at Faber after he argued that New York 'competes with other cities,' thus raising taxes on the city's wealthiest residents 'will simply drive them' and their businesses elsewhere.
'The issue is affordability,' Warren remarked. 'Do you know how many working families are chased out of New York City every day because they can't afford housing, they can't afford groceries, they can't afford child care?'
She continued, 'What Zohran is saying is, 'I want people to be able to afford to live in New York City. That's what keeps it a vibrant city. That's what makes people want to live here.'
Faber swiftly responded.
'Nobody disagrees with that, senator, but raising taxes in order to do it? Why is that the answer?' he asked.
'Oh my goodness! Oh dear! Are you worried the billionaires are going to go hungry?' Warren jokingly replied.
'No, I'm worried that they're going to leave and spend their money elsewhere,' Faber emphasized.
Warren noted that the wealthy have 'threatened to do that over and over again,' later adding that people need to both live and work in a city to keep its streets full and 'vibrant.'
After Faber claimed that New York's economy is 'thriving,' Warren took on what she described as the GOP point of view: 'make every city in this country work better and better for a handful of billionaires and let everybody else eat dirt.'
'But what Mamdani won on in a Democratic primary is he said, 'I'm going to address affordability,'' she continued.
'And he didn't win by one vote. He won by a lot.'
Mamdani — after shocking Andrew Cuomo in the city's Democratic primary back in June — hasdominated in the polls against the former New York governor and New York Mayor Eric Adams, both of whom have launched independent bids for the mayorship.
Mamdani — in response to the Warren-Faber clash in a post to X, formerly Twitter — cited research by the independent, nonpartisan Fiscal Policy Institute that found concerns with affordability played a key role in fueling population loss especially among low- and middle-income families in New York City.
Working-class New Yorkers have notably been leaving the Big Apple at 'significantly higher rates' than the rich, nonprofit news outlet New York Focus noted.
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