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New Yorkers woke up this week to a strange sight: while a small army of billionaires has spent millions trying to stop Zohran Mamdani, a couple of wealthy backers quietly stepped in to support him. The clash of money on both sides underscores how fraught and nationalized this mayoral contest has become, with Wall Street and big donors watching every move.
One of those backers is Elizabeth Simons, heiress to the Renaissance Technologies fortune, who quietly gave a six-figure gift to the pro-Mamdani super PAC New Yorkers for Lower Costs. Silicon veteran Tom Preston-Werner, cofounder of GitHub, also shows up on filings with a smaller but notable contribution to the same PAC, proving that elite money flows to candidates across the ideological spectrum.
That combination should make taxpayers uneasy: Mamdani has publicly attacked billionaires and railed against concentrated wealth, yet his campaign apparatus has accepted checks from the very class he denounces. Voters deserve a clear answer about whose interests he will actually serve once he has mayoral power — ideological purity or the pragmatic influence of big donors.
Meanwhile, the broader billionaire class has not been idle in this race. Figures like Bill Ackman and other heavy hitters have poured millions into groups opposing Mamdani, framing the contest as a fight over New York’s future and its economic sanity. This is not surprising: Mamdani’s platform alarms business leaders worried about taxes, regulation, and the safety of investment in the city.
Conservative voters should pay attention to substance, not spin: Mamdani’s proposals — rent freezes, expanded subsidies, and aggressive taxation of wealth and corporations — read like a blueprint for economic decline in a city that thrives on commerce and innovation. History shows that heavy-handed interventions and anti-business rhetoric chase employers and jobs out of cities, leaving ordinary working families to pick up the tab.
This race is a wake-up call to patriotically minded citizens who love New York and America: money can come from either side, but policy outcomes matter most. Ask yourselves which candidates will defend public safety, keep taxes reasonable, and preserve opportunity for hard-working New Yorkers rather than burn the city down with utopian experiments funded by the very elites they claim to oppose.
