In a shocking turn of events, JPMorgan Chase CEO Jamie Dimon has publicly condemned New York City mayoral candidate Zohran Mamdani, labeling him “more a Marxist than a socialist.” This bombshell statement adds fuel to the fire as a coalition of powerful business leaders rallies against Mamdani’s radical policies, warning they could send New York into a downward spiral.

Dimon’s fierce critique highlights Mamdani’s promises of “free everything”—from transportation to food—arguing that such ideologies have historically failed. “This isn’t how America works,” Dimon asserted, emphasizing that the American Dream is at stake. The financial elite are clearly alarmed; reports indicate a $20 million war chest is being assembled to thwart Mamdani’s campaign, signaling a desperate attempt to protect the city’s economic future.

Real estate moguls and business owners are echoing Dimon’s concerns. They warn that if Mamdani wins, property values could plummet by 50%. “A rent freeze is a housing freeze, plain and simple,” cautioned one developer, underscoring the potential fallout of Mamdani’s policies on the housing market.

With New York already grappling with high taxes and a faltering economy, the stakes couldn’t be higher. Wealthy residents are reportedly counting their days in the city, opting to relocate to more favorable tax environments. “New York should be competing for capital, not driving it away,” lamented investor Kevin O’Leary, who fears Mamdani’s policies will only exacerbate the city’s decline.

As the mayoral race heats up, the urgent question remains: can Mamdani overcome the formidable opposition from New York’s financial titans, or will his radical proposals seal the fate of a city in crisis? The clock is ticking, and the future of New York hangs in the balance.