High-profile investor and “Shark Tank” star Kevin O’Leary announced he is moving out of Boston solely because of Sen. Elizabeth Warren (D-MA).
In a post on X, O’Leary announced, “I’m a Boston guy. My kids were born there and I still have a house there, but like most of my neighbors, I now live in Florida because of Elizabeth Warren. She’s a talented marketer, no question. But when she supports a communist mayor in New York and pushes for government-run grocery stores, it’s clear she doesn’t understand how capital works. I’ve seen this story before.”
O’Leary, who was referring to Warren’s endorsement of Democratic Socialist Zohran Mamdani’s mayoral campaign, added, “If you destroy incentives, capital leaves. Developers like me won’t touch projects with rent control and bad policy. We’ll take our money to places like Texas, Florida, or the Dakotas. You can’t ask investors to fund affordable housing and then eliminate any chance of a return. The math doesn’t work. Senator Warren should focus on fixing Massachusetts before helping destroy another state.”
In fairness, it should be noted that the Canadian-born O’Leary – who also has residences in Toronto and Geneva – is not always reliable as an economic prophet. In March 2024, he boldly warned the commercial real estate sector was near collapse and its decline would resonate across the wider economy.
Photo courtesy Ontario Chamber of Commerce / Flickr Creative Commons
Congratulations Kevin thank you for standing up to your economic Democratic principles. Elizabeth Warren has moved to the extreme far left and that’s not in tune with the citrus policies of today’s economic engine..
You poor selfish idiots who put money ahead of common sense.
Liberal policies are coming home to roost with exceptionally bad outcomes. That is where the lack of common sense resides.