Kevin O'Leary Slams NYC Mayor Mamdani's 30% Grocery Discount Plan, Warning Stores Will Lose Money On 'Every Single Sale': 'Who Will Pay for Those Losses?'
Mamdani's 30% grocery discount plan draws criticism from Kevin O'Leary, who says taxpayers will ultimately bear the cost.
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Why It Matters
A business expert says a plan to make groceries 30% cheaper might hurt store owners' profits, and someone has to pay that difference—probably taxpayers. When rules change how much stores can charge, it's worth watching whether stores stay healthy or struggle.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.