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Billionaire Threatens to Cut NYC Jobs and Move After Mamdani Win
NYC supermarket billionaire John Catsimatidis went nuclear in June, when Zohran Mamdani, who had proposed opening a cheap city-run grocery story in each of the five boroughs, won the democratic primary for mayor.
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C0RI0LANUS
Joined 2023/01/13Visited 2025/10/28
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Big Apple billionaire John Catsimatidis planned to move his business to New Jersey if Zohran Mamdani was elected mayor. Now he's reconsidering.[image or embed] -- Forbes (@forbes.com) Nov 7, 2025 at 12:28 PM
Big Apple billionaire John Catsimatidis planned to move his business to New Jersey if Zohran Mamdani was elected mayor. Now he's reconsidering.[image or embed]
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Tres effen triste.
#1 | Posted by Doc_Sarvis at 2025-11-08 06:24 AM | Reply
Of course they are.
#2 | Posted by fresno500 at 2025-11-08 06:31 AM | Reply
And this phatphuq made a Mammon-sized fortune from us New Yorkers. John Catsimatidis would not be welcome in his home country of Greece which demonstrates much more generosity and compassion towards poor and vulnerable people and has universal healthcare for all its residents.
Good riddance to bad rubbish. Don't let the door hit your fat superrich butt as you slink away, Jabba.
#3 | Posted by C0RI0LANUS at 2025-11-08 07:04 AM | Reply | Newsworthy 4
#3 | POSTED BY C0RI0LANUS AT 2025-11-08 07:04 AM | FLAG: Brilliant I say, Simply BRILLIANT as now the remaining businesses and taxpayers will have to pay more to offset the loss to the tax base.....
Businesses, as well as well as the wealthy relocating to a low tax and more business friendly state like FL, or TX is a smart move IMO.
#4 | Posted by MSgt at 2025-11-08 02:56 PM | Reply | Funny: 1
Billionaires have no right to exist. Like slaveholders.
#5 | Posted by LegallyYourDead at 2025-11-08 07:26 PM | Reply | Newsworthy 1
I think it's called "Cutting off your nose to spite your face. ~ LOL
#6 | Posted by Twinpac at 2025-11-08 09:07 PM | Reply | Newsworthy 3
Tax the billionaire caste until the poor have as good a medical system as the very rich. Then bring back the draft and have all citizens, male and female serve their country in order to be eligible for the new medical system. As it is, the inherited wealthy live as gods, and the poor live as permanent members of the refugee caste, in a country where shelter education and medical care are priced out of reach.
#7 | Posted by Hughmass at 2025-11-09 07:44 AM | Reply | Newsworthy 4
#8 | Posted by C0RI0LANUS at 2025-11-09 08:00 AM | Reply
Gristedes has an industry average net profit for a grocery store, 1%-3%. If they're reconsidering it's because they're going to be given the contracts for the city grocery stores.
but, funding city grocery stores? and daycare? and free bus services? while freezing rent in a city where 25% of tax revenue comes from property taxes?
"Due to these fiscal cliffs and other underbudgeted ongoing costs, the Fiscal Year 2025 Preliminary Budget is short $3.6 billion to $3.9 billion annually of what would be needed to continue programs at the current services level.3 While the revenues are not available to support this level of spending, fully funding the current level of services grow the fiscal year 2025 annual spending increase to $6.0 billion, or 7.4 percent."
Seems unlikely.
#9 | Posted by sitzkrieg at 2025-11-09 09:54 AM | Reply
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