Meet the billionaire power couple advocating communism for landlords and a global welfare state from their $30M Hamptons McMansion

Nothing says “eat the rich” like paying for the knives and forks.A hedge fund billionaire and his art groupie wife are pumping millions into socialist thinktanks positioned to help New York City Mayor Zohran Mamdani achieve his Democratic Socialists of America-backed “worker’s paradise.”The pair are on a mission to punish landlords and railroad more New Yorkers into government housing, The Post has learned.From their $20 million Upper East Side townhouse — and their 10-bedroom, nine-bathroom, 10,000-square-foot Hamptons McMansion — Bobby and Carola Jain write checks funding Mamdani-linked intelligentsia paid to create models of how far-left concepts like universal basic income (UBI) and a decommodification of the housing market would work.It’s the kind of anti-capitalist thinking that has some economists throwing up their hands.“It must be one of those cults where you have to show you’re a member by mouthing absurd emperor’s [new] clothes nonsense,” John Cochrane, an economist at Stanford University, told The Post.“[16th century Grand Duke of Tuscany] Cosimo I de’ Medici supported art because he worried about getting into heaven as a rich man.I wish our guilty billionaires would support great classical art instead of stupid social causes,” he added.Whether motivated by guilt, social climbing or shrewd business acumen, the Jains join a growing list of ultra-wealthy benefactors — also including George Soros and Neville Singham — who made their billions through the capitalist system selling software or shorting markets, but now espouse the joys of socialism and sharing the wealth from their ivory towers.Their patronage means they have so far avoided any surprise house calls from Mamdani, who is on a blitz against the rich and, in April, filmed a viral video outside the Billionaire’s Row home of investor Ken Griffin intended to shame wealthy folks.The stunt sparked a feud between the two, with the hedge fund boss calling the mayor’...

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Publisher: New York Post

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