{"id":131597,"date":"2026-05-11T18:00:49","date_gmt":"2026-05-11T22:00:49","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/cnn-panelists-erupt-over-taxing-the-ultra-wealthy-as-one-defends-elon-musks-billions-as-deserved-131597"},"modified":"2026-05-11T18:00:49","modified_gmt":"2026-05-11T22:00:49","slug":"cnn-panelists-erupt-over-taxing-the-ultra-wealthy-as-one-defends-elon-musks-billions-as-deserved","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/cnn-panelists-erupt-over-taxing-the-ultra-wealthy-as-one-defends-elon-musks-billions-as-deserved-131597","title":{"rendered":"CNN panelists erupt over taxing the ultra-wealthy as one defends Elon Musk’s billions as ‘deserved’"},"content":{"rendered":"
\n

CNN panelists Lydia Moynihan and Leigh McGowan clashed Saturday over taxing the wealthy, with tensions boiling over during a debate over New York City Mayor Zohran Mamdani<\/a>\u2019s anti-capitalist rhetoric as well as a Democratic proposal to tax luxury second homes owned by the ultra-wealthy.<\/p>\n

The exchange escalated after Moynihan, a New York Post columnist, defended billionaires like Elon Musk, arguing they have “deserved every single penny” of their wealth while crediting capitalism with raising overall living standards.<\/p>\n

“That’s the most ludicrous statement you’ve ever made,” McGowan fired back, bringing heat to the discussion.<\/p>\n

“They are making money off the American taxpayer, off the American government, after deals with SpaceX. I don’t know why you’re shilling for these people. It’s nuts.”<\/p>\n

NEW YORK MAYORAL HOPEFUL ZOHRAN MAMDANI SLAMS CAPITALISM ON CNN, CITES MLK TO DEFEND SOCIALISM<\/strong><\/a><\/p>\n

Moynihan pushed back against the “PoliticsGirl” host, stressing that capitalism has improved quality of life and warning that overtaxing the wealthy could drive<\/a> high earners out of places like New York, where top taxpayers already shoulder a disproportionate share of the burden.<\/p>\n

“With [Elon Musk’s] money, he’s literally letting blind people see, he’s letting paralyzed people walk,” Moynihan said, referencing the work of Musk’s company Neuralink.<\/p>\n

“I want him to have money, not Elizabeth Warren,<\/a> who’s gonna funnel it to fraud.”<\/p>\n

BILL MAHER CALLS OUT BERNIE SANDERS, SAYS HE’S TIRED OF HEARING THE RICH DON’T PAY THEIR FAIR SHARE OF TAXES<\/strong><\/a><\/p>\n

The back-and-forth came as the panel debated a proposal from New York Democrats, including Mamdani, that would impose a tax on luxury second homes valued above $5 million.<\/p>\n

Supporters like McGowan say the measure would generate hundreds of millions in revenue while targeting ultra-wealthy property<\/a> owners.<\/p>\n

“It’s like a pied-\u00e0-terre tax. It’s going to make about $500 million dollars a year for the city, 98% of the city is for it. I don’t know why we wouldn’t want that,” she said.<\/p>\n

‘WE’RE TAXING THE RICH’: NYC MAYOR MAMDANI TOUTS NEW $500M-A-YEAR TAX ON LUXURY SECOND HOMES<\/strong><\/a><\/p>\n

“This idea that you can afford to live in a $200-million-plus home that you don’t actually live in and you can’t afford to pay more taxes is kind of insane,” McGowan added, comparing the ultra-wealthy to “hoarders” with a “mental problem” for amassing their wealth.<\/p>\n

“I think this hurts no one. I think we have to stop defending the people who are hoarding their wealth.”<\/p>\n

Moynihan shook her head, visibly frustrated, then launched into a takedown of McGowan’s comments:<\/p>\n

“In New York, about the top 1%… pay about 50% of the taxes, so if you look at the numbers, I think Mamdani is going to be in a tough spot because people will continue to leave,” she said. “That’s just the reality.”<\/p>\n

CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE<\/strong><\/a><\/p>\n

CNN’s Abby Phillip eventually interjected, cutting off the back-and-forth to acknowledge that, while capitalism has been a source of prosperity, some of the wealthiest would not be in their position if not for help from the federal government<\/a>.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/cnn-panelists-erupt-taxing-ultra-wealthy-one-defends-elon-musks-billions-deserved <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

CNN panelists Lydia Moynihan and Leigh McGowan clashed Saturday over taxing the wealthy, with tensions boiling over during a debate over New York City Mayor […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-131597","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nCNN panelists erupt over taxing the ultra-wealthy as one defends Elon Musk's billions as 'deserved' - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/cnn-panelists-erupt-over-taxing-the-ultra-wealthy-as-one-defends-elon-musks-billions-as-deserved-131597\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CNN panelists erupt over taxing the ultra-wealthy as one defends Elon Musk's billions as 'deserved' - 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