Elon Musk warns Mamdani policies and ‘low’ universal income would trigger ‘catastrophic decline’ in US living standards

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Tesla CEO Elon Musk isn’t known for mincing words and his comments connected New York City’s incoming mayor, Zohran Mamdani, were nary exception.

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“Mamdani is simply a charismatic swindler,” Musk claimed successful a caller quality connected the “Joe Rogan Experience” podcast (1). “I mean, you gotta manus it to him — helium tin airy up a stage, but helium has conscionable been a swindler his full life.”

Musk predicted that Mamdani was “likely to win” the New York mayoral contention — and helium was right. A fewer days later, the 34-year-old antiauthoritarian socialist defeated erstwhile Governor Andrew Cuomo, becoming the archetypal Muslim and archetypal South Asian to service arsenic New York City’s mayor.

But Musk is acold from optimistic astir Mamdani’s agenda.

“If Mamdani's policies are enactment into place, particularly astatine scale, it would beryllium a catastrophic diminution successful surviving standards — not conscionable for the rich, but for everyone, arsenic has been the lawsuit with each socialist experiment,” Musk warned.

Western Economists person noted that highly centralized socialist systems — arsenic seen historically successful the Soviet Union and different centrally-planned economies — often led to stagnating oregon declining surviving standards, chronic shortages and inefficiencies (2).

One of Mamdani’s proposals is to make a web of city-owned market stores, designed to support prices debased alternatively than crook a nett (3). The stores would bargain and merchantability astatine wholesale prices, beryllium exempt from rent and spot taxes and walk savings connected to shoppers.

Musk dismissed the thought outright, highlighting what helium sees arsenic inherent authorities inefficiency.

“The authorities is the DMV astatine scale. Do you privation the DMV moving your supermarket?” He asked. “Was your past acquisition astatine the DMV amazing? And if it wasn't, you astir apt don't privation the authorities doing things.”

While Mamdani identifies arsenic a antiauthoritarian socialist, Musk framed his critique successful stark terms, likening imaginable policies to communism:

“The occupation with communism is its cosmopolitan debased income,” helium said. “I mean the happening astir communism is it was each breadlines and atrocious shoes. Do you privation disfigured shoes and breadlines? Because that's what communism gets you.”