Skip to comments.Mayor De Blasio's New York Needs The 'One Percenters' More Than Ever
Posted on 01/11/2014 6:07:53 AM PST by SeekAndFind
New Yorks new Occupy mayor, Bill de Blasio, took office this month with a stern, if hazy, vow to right the imbalances of economic inequality in New York City, which other speakers at his inauguration called Dickensian (Harry Belafonte) and a plantation (Brooklyn pastor the Rev. Fred Lucas Jr., delivering an invocation).
But he cant fix income inequality, nor should he. Given that there will always be some who are just starting out or lack the wherewithal to succeed, its the wealthy who are responsible for the gap between rich and poor. And its those same wealthy whom de Blasio will need to keep New York City functioning.
Opening up by telling Lucas, Thank you for your words of prayer, the incoming mayor de Blasio reprised the Tale-of-Two-Cities rhetoric that got him elected with nearly 75 percent of the vote last November. We are called to put an end to economic and social inequalities that threaten to unravel the city we love, he said, fatuously, as though it were feasible to put every New Yorker at the same economic level. The specifics he offered were laughably meek when compared to that ambition: a surtax on those earning over $500,000 a year meant to pay for pre-K programs that will amount to a 14th year of sorry education for the underprivileged, an expansion of paid sick leave, pushback against public hospital closures, more community health centers and more regulations on developers meant to create a small number of affordable housing units for those politically connected enough to win a sub-market-rate apartment.
De Blasios economic illiteracy was perhaps most evident when he said, Some on the far right continue to preach the virtue of trickle-down economics.
(Excerpt) Read more at forbes.com ...
The real question should be do the one percenters need New York?
This is going to be fun to watch.
Meanwhile, Florida becomes the economic capital of the US.
Bill de Blasio is simply unfit for office.
LaGuardia would be better, even having been dead all these many years.
Good point——de Boobsio needs them more than they need him.
In fact they don’t need him, period. Expect less of them for him to financially rape and rip off. Glad I’m an ex-NYer more and more.
The income gap will decrease with the withdrawal of the 1%. De Blasio’s gaol can be achieved if he can drive them out.
Will DeBlowsio turn NYC into Detroit Part Dieu?
Move the stock exchange to Dallas.
A con man goes where he can steal money. Take the easy money away, and the con man leaves.
Well, like Ed Koch said when he lost to Dinkins: “The voters have spoken. . . and now they must be punished.”
This goof is not thinking things through.
Trashing the 1% got him elected, but the 1% can afford to leave the city or the state. And will probably start leaving soon.
Then what comrade?
I hope he does everything he says he’s going to do. The limousine liberals deserve what they voted for.
Remind me again why a stock exchange needs to have a location and why the traders need to be near that location. Everything is done by computers over networks now.
Sure the servers need to be somewhere, a corporate office needs to be somewhere, but the servers and corporate office don’t need to be in the same place, the servers don’t (and probably shouldn’t) all be in the same place, and the traders don’t need to be near either.
Folks think that the 1%ers are capitalists. They are not. Wall Street & Co are the very rentiers that tip the scales away from Labor and Value Creators. It’s beneficial while it lasts and it will last as long as they keep getting propped up by bailouts.
How soon before New York starts looking like East Berlin with de Blasio building a wall to keep the wealthy from fleeing the city?
“but the 1% can afford to leave the city or the state. And will probably start leaving soon.
Then what comrade?”
This is something that the billionaire Bloomburg commented on several times. Seems Bloomie actually counted the number of people paying the most taxes and shook in his shoes when it was only in the twenty thousands, in a city of 8 million.
If you are rich and live in NYC then you are either well connected or a moron.
If you own a business in NYC the same applies.