Ken Griffin Defends New York’s Prosperity Against Mayor’s Anti-Business Agenda
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Citadel founder Ken Griffin urged New York’s business leaders to push back against Mayor Mamdani’s punitive tax proposals, warning that such policies threaten the city’s economic future and drive away top talent. Griffin called for the business community to stand up for New York’s competitiveness and prosperity.
Citadel founder Ken Griffin, a self-made billionaire with a net worth of $48.3 billion, addressed New York’s business leaders on Thursday, calling on them to speak out against the city’s increasingly hostile policy environment. Griffin urged the business community to 'find their voice and fight for their city,' warning that silence in the face of anti-business policies could result in a devastating loss of talent—a true 'catastrophe' for New York’s future.
Griffin sounded the alarm over proposals to hike taxes on high-income residents and luxury property owners, arguing that these measures would cripple New York’s economic competitiveness and drive away the very people who fuel the city’s prosperity. He encouraged corporate leaders to focus on safeguarding New York’s long-term future, rather than getting bogged down in divisive political squabbles that threaten growth and innovation.
His remarks come as Mayor Zohran Mamdani pushes for radical tax increases on second homes valued over $5 million and publicly attacks Griffin’s success. Despite the mayor’s class warfare rhetoric, he has recently reached out to Griffin to discuss policy matters, suggesting that even the city’s leadership recognizes the importance of engaging with business leaders.
Griffin pointed to his decision to move Citadel’s headquarters from Chicago to Miami in 2022 as a warning, citing crime and excessive taxes as key factors that drive businesses away. He emphasized his willingness to continue discussions with the mayor, stating that 'actions speak louder than words,' as he stands up for the business community and the city’s future against destructive left-wing policies.