John Catsimatidis | Owner & Operator of Red Apple Media | 08-22-25

Sid & Friends In The Morning

77 WABC

Sports, News, Comedy

4.2 • 826 Ratings

🗓️ 22 August 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

John Catsimatidis, Owner & Operator of Red Apple Media, calls into the program to discuss his concerns about the future of New York City, particularly under the potential leadership of mayoral candidate Zohran Mamdani. He expresses unease from various communities, including the real estate, Italian, and Jewish sectors. Catsimatidis underscores the importance of the wealthy, who pay nearly half of the city's taxes, and the potential exodus if the new candidate is elected. He stresses the challenges facing the city’s police force, with a significant number of officers leaving, and the ramifications on public safety. Reflecting on past mayoral administrations and current political dynamics, Catsimatidis also contemplates the regret of not having run for mayor himself. He emphasizes the need for New York City to collaborate with federal authorities to maintain safety and order. Additionally, he hints at a potential corporate move to New Jersey if Mamdani emerges as the winner of the Mayoral race come November. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:47.2	I've said to everybody that let's wait till September,
0:50.9	and I think people are starting to concentrate on the race right now. There's a panic from
0:57.3	the real estate industry. There's panic from the Italian people where he gave all Italian people
1:02.5	the finger. There's panic from the Jewish community. And almost every community says,
1:09.9	you know, it's not going to work.
1:11.6	And, you know, he's against the wealthy.
1:14.6	But I gotta remind everybody, one percent of the wealthy, the top one percent,
1:21.6	pay 48 percent of the taxes for New York.
1:25.6	And how many of them will leave if he's elected?
1:29.3	At least 90 percent.
1:32.3	I mean, maybe I'm exaggerating.
	...

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