Mamdani’s Bad Ideas, Part 2: Free Buses, $30 Minimum Wage & Rent Freezes

John Stossel August 12, 2025
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John Stossel

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After 40+ years of reporting, I now understand the importance of limited government and personal freedom. ------------------------------------------ Libertarian journalist John Stossel created Stossel TV to explain liberty and free markets to young people. Prior to Stossel TV he hosted a show on Fox Business and co-anchored ABC’s primetime newsmagazine show, 20/20. Stossel’s economic programs have been adapted into teaching kits by a non-profit organization, "Stossel in the Classroom." High school teachers in American public schools now use the videos to help educate their students on economics and economic freedom. They are seen by more than 12 million students every year. Stossel has received 19 Emmy Awards and has been honored five times for excellence in consumer reporting by the National Press Club. Other honors include the George Polk Award for Outstanding Local Reporting and the George Foster Peabody Award.

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Socialist politicians are on the rise! First Zohran Mamdani won the Democratic nomination for NYC mayor. Now a socialist will probably be the next mayor of Minneapolis. The bad ideas keep coming! ——— To make sure you receive the weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe-form ——— “We have to be unapologetic about our socialism,” says socialist Zohran Mamdani. But he should be apologetic! Socialism always fails. In my last video I covered some of his terrible economic plans, but sadly, he's got more. In this part, I cover his claim he can make buses free (while also improving service), his plan to raise the minimum wage to $30, and his proposal to freeze rents — all ideas which failed elsewhere. Socialists ignore reality.