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Vornado CEO Steven Roth compares 'tax the rich' to racial slurs

politicsMay 5, 202629127

On a Tuesday earnings call, Vornado Realty Trust chairman Steven Roth told investors the slogan "tax the rich" is "just as hateful as some disgusting racial slurs." Roth singled out New York City Mayor Zohran Mamdani while criticizing progressive proposals to raise taxes on wealthy New Yorkers. The comment matters because Roth controls major Manhattan properties and his rhetoric intensifies debate over proposed tax increases and wealth inequality policy in the city.

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