Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. If winning votes were as simple as promising free everything, President Donald Trump says he'd be unbeatable. "Nobody would be as good as me.
I'd give away everything. I could be the greatest," Trump told reporters at an executive order signing in June. "I would sell them, 'You're going to get free rent, you're going to get free houses, you're going to get free food.
You're going to get free everything.' But eventually that ends, and it leads to death, destruction and squalor 100% of the time." Earn While You Scroll: The Deloitte-Ranked #1 Software Company Growing 32,481% Is Opening Its $0.52/Share Round to Investors AI Robots Have Already Fried More Than 5 Million Baskets Of Food. Everyday Investors Can Still Buy Into The Company Behind Them. Trump argued that policies centered on expansive government benefits can be politically popular in the short term but ultimately fail because they outgrow the economic engine needed to pay for them.
He pointed to Los Angeles, other parts of California and as well as Democratic-led areas elsewhere as examples of places where he believes those policies are already taking hold. Trump turned his attention to New York, where he referred to "the mayor of New York" without mentioning Zohran Mamdani by name. "I don't understand why he thinks it's okay for all these companies that pay hundreds of millions of dollars in taxes a year to leave, because you're not going to have any tax base," Trump said.
He added that the result would be "hunger and squalor and death and destruction." Trending: A Whole Foods-Anchored Mixed-Use Development Is Rising In Northern Colorado. Accredited Investors Can Learn More Here. Trump's remarks came as Mamdani's administration pursues an affordability-focused agenda that includes a rent freeze for many rent-stabilized apartments.
City officials have said those policies are intended to lower the cost of living and expand access to housing, while business groups and some economists have warned that policies perceived as discouraging investment or driving away employers could weaken the city's tax base over time. Trump built much of his career around owning and developing real estate, from Trump Tower in Manhattan to office buildings, hotels and golf courses. While few investors have the resources to buy commercial properties outright, there are now more ways to gain exposure to the same asset class.
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