Posted on 12/30/2013 9:48:41 AM PST by Trafalgar123
As the Big Apple’s tax base shrinks, its municipal costs skyrocket, increasing the urgency that it get its financial house in order. So I’ll make a bold prediction: New Yorkers may someday regret electing a man who says he does not believe in the free market system.
“Everything you heard about me is true…I am not a free-marketeer…I believe in the heavy hand of government,” Mayor-Elect Bill de Blasio recently told a meeting of major real estate developers. (snip)
Amazingly, this erstwhile reader of Barricade magazine isn’t the most radical city politician lately to sweep into power. Meet Kshama Sawant, the avowed socialist soon slated to bring her special brand of excitement to Seattle’s City Council.
Sawant recently encouraged Boeing machinists to “take over the factories, and shut down Boeing’s profit-making machine.”
As New York and Seattle voters may discover in coming years, committing citycide happens in three stages. First, the government pursues big utopian dreams requiring public spending on crack. Second, taxpayers take flight as in come crime, decay and general collapse.
Finally, the city’s foreign occupier arrives. Guess who’s buying up Detroit? China. Bankrupt Motown is the now the fourth most popular American destination for Chinese real estate investors, now snatching up such iconic downtown buildings as the Downtown Free Press headquarters plus individual homes selling for half the price of a pair of leather shoes.
Well, we can always hope that the Chinese bring back some old-fashioned capitalism to America’s dying cities. Maybe they can teach Bill de Blasio the virtues of the free market.
(Excerpt) Read more at leebsmarketforecast.com ...
Every major hell-hole in the USA is liberal controlled and has been for decades
I guess Detroit land is a good penny stock, but I don’t see it rebounding for generations. We’ve got a long dark night of socialism ahead.
Actually, this touches on one of the reasons I left the Seattle area in 2011, to move to a small farm in central KY that I purchased two weeks before Obama was elected. And the timing is no coincidence.
In the Seattle area, you need a permit to save the rainwater off your roof. Where I live you can build a house without a permit.
The idiots that elected de Blasio will get more than they bargained for. They would have been better off digging up chavez, and making him mayor. At least they would have known what kind of a POS socialist dictator they were getting.
The big cities are the base of the Democrat party. As Nancy Pelosi (a resident of San Francisco so she would know) recently said, “Embrace the suck.”
Seeing the same thing here in Pittsburgh, a city deep in debt and struggling with bloated pensions. Other than “we hope big bags of money from Harrisburg and/or Washington start falling from the sky”, none of ‘em have a plan. Or a clue.
I really, really, really want NY City and their new Mayor to go bankrupt soon.
The Federal Reserve has kept the “progressive” scam going for a long, long time. Due to the fact that the US Dollar is still the world’s reserve currency and that the US Military has kept the world’s economic order in tact.
So we need lessons and failures of progressivism where ever we can get them.
Sort of. There was an article about this a few months ago. While it's true Chinese are buying up large swaths of Detroit, the purchases are sight unseen, by buyers who haven't been able to get Visas to see the property. Some have managed to get Visas, and have visited the city. Those Chinese aren't buying.
> Guess who’s buying up Detroit? China.
I hear the Muzzies are buying it up for pennies on the dollar too. Parts of Detroit look it got nuked from the local demographics failing to maintain their home’s upkeep. If you go to Africa you’ll understand why real quick. The women do all the work while the men sit around and do nothing except for build a hut with help every once in awhile.
I saw the writing on the wall over a decade ago and packed up all of my things and left that Pit called Seattle. I am in a much better place now. The difference is like night and day.
Best thing for Pittsburgh is that the young people moving in have more money than brains.
A house in my old neighborhood just sold for $200K. It is a shoebox. With a postage stamp yard. Californians, I presume.
These cities are just the leading edge of Welfare State politics. Take from the producers and give to the idle and aggrieved. Its like a swarm of locusts. It destroys and moves on to find a new group of producers to start over again.
Chinese and Muzzies are very different people. To the Muzzies, a wasteland is “like home.” They’ll turn a normal place into a wasteland if that’s what it takes. But even the poorest Chinese in Beijing won’t touch that with a 10-foot-pole if they know what it’s like.
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Let the idiots collapse the system in on themselves... Just DO NOT let them come (migrate) and destroy us too...
A while back we visited relatives in Missouri. Their property borders a lake and they built a boat dock. When I asked my brother-in-law what he had to do (permits, etc.) to get the dock built, he looked at me like I was crazy. Needless to say we are from Calif.
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