CNBC host brutally shuts down Elizabeth Warren as the senator defends Mamdani's policies
On Monday, the pair were involved in a fiery battle as Faber criticised Mamdani's economic policy proposals as he runs to be NYC's next mayor.
'You mentioned Mamdani, and you are in New York, sort of speaking on behalf of him to a certain extent. New York does not operate in a vacuum. It competes with other cities,' he said.
'So this idea of somehow raising taxes on the wealthiest New Yorkers, who, by the way, would point out pay roughly 15 per cent of their income right now between city and state. Raising taxes on them will simply drive them away.'
The CNBC host questioned whether New York City's next possible mayor should be more concerned about helping his constituents rather than running businesses out.
Warren hit back at Faber's question, arguing the biggest issue facing New Yorkers is the lack of affordable housing and groceries.
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