Elon Musk warns Mamdani policies and ‘low’ universal income would trigger ‘catastrophic decline’ in US living standards

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as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPRobert Kiyosaki says this 1 asset will surge 400% in a year — and he begs investors not to miss its ‘explosion’“Mamdani is a charismatic swindler,” Musk claimed in a recent appearance on the “Joe Rogan Experience” podcast (1). “I mean, you gotta hand it to him — he can light up a stage, but he has just been a swindler his entire life.”Musk predicted that Mamdani was “likely to win” the New York mayoral race — and he was right. A few days later, the 34-year-old democratic socialist defeated former Governor Andrew Cuomo, becoming the first Muslim and first South Asian to serve as New York City’s mayor.But Musk is far from optimistic about Mamdani’s agenda.“If Mamdani's policies are put into place, especially at scale, it would be a catastrophic decline in living standards — not just for the rich, but for everyone, as has been the case with every socialist experiment,” Musk warned.Western Economists have noted that highly centralized socialist systems — as seen historically in the Soviet Union and other centrally-planned economies — often led to stagnating or declining living standards, chronic shortages and inefficiencies (2).One of Mamdani’s proposals is to create a network of city-owned grocery stores, designed to keep prices low rather than turn a profit (3). The stores would buy and sell at wholesale prices, be exempt from rent and property taxes and pass savings on to shoppers.Musk dismissed the idea outright, highlighting what he sees as inherent government inefficiency.“The government is the DMV at scale. Do you want the DMV running your supermarket?” He asked. “Was your last experience at the DMV amazing? And if it wasn't, you probably don't want the government doing things.”While Mamdani identifies as a democratic socialist, Musk framed his critique in stark terms, likening potential policies to communism:“The problem with communism is its universal low income,” he said. “I mean the thing about communism is it was all breadlines and bad shoes. Do you want ugly shoes and breadlines? 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