The Mamdani Moments

[Ross Dolan]

Let's look at this from another angle:

If you were filthy rich would you, right now, consider purchasing a high-end, luxury apartment, condo, penthouse, or other second home in NYC? How about New York state? If you were a developer / builder would you be considering building such luxury homes for sale in the near future there?

If you already owned such a home, would you be carefully considering options to avoid the new taxes?

Since New York and NYC base many of these taxes on estimated selling price, would you be hiring a law firm specializing in litigating property taxes and assessments if you weren't doing that already?

Additionally, will any of these taxes bring a ROI to the state or city of New York? Or will they simply be gobbled up in Socialist welfare handouts, and bureaucratic paperwork?

What will the government of NYC and NY state do if their projected net tax intake from these falls far short of projections? Will Mamdani and Hochel just lower the bar on what is included, say from $5 million to $1 million or something like that? Or will they just come up with another new thing to tax?

Neither Mamdani or Hochel are looking at any sort of investment or draw to attract new money to NY or NYC. Instead they are doing what Detroit, as but one example, did and slowly killing off their goose that lays golden eggs.

All you have to do is to answer my question, TA.

Here it is again:

Right now, the top 1% own one-third of the total wealth of America and the total 10% own two-thirds of the total wealth of America...with the bottom 50% owning only 2.5%. How much would the top 1% have to own before you consider that something has to be done to remediate the situation...and how much would the top 10% have to own before you consider that something has to be done to remediate the situation?

Would you still stick with your bullshit if the top 1% own 75% of the total wealth? How about if the top 1% owned 99%? Or what if the top 10% owned those percentages?

WHY WILL YOU NOT ANSWER THAT?

 

[Lionfish]

Typical magat intellectual dishonesty. Here's what went down: https://www.justplainpolitics.com/threads/the-mamdani-moments.247601/post-6973587

Instead of just conceding a point, you change the focus of your claim. But let me further prove your blather. China is a pure communist country that I wouldn't want to live under .... but they are a world power to be reckoned with. Cuba has been under economic siege for over 40 years, and is now under military blockade by America. Dump and company can do that because there is no longer a threat from a USSR, and China couldn't give a damn. North Korea is more of a dictatorship under the premise of communism (IMHO, of course), Laos is another authoritarian government, and Vietnam is hard line communist posing a socialist, but seem to be having a positive economic surge, all though I sure as hell wouldn't want to live there.

So, back to square one; Mamdani has classified himself as a democratic socialist like Bernie Saunders. Like the countries I previously listed, that brand of gov't can work. You just don't like it, despite NOT being part of the inherent or top tier investor wealthy class. GTFU and deal with reality.

What you fail to understand is the fact that pure socialist countries are actually communist. Socialism exists in most forms of government but when it comes to the point where people look to the government for the solution to everything, things fall apart.
Lefties think "democratic socialism" is the answer to everything.
Well, it is being tried in some major cities in this country, and so far, it has been a major flop.

 

[Lionfish]

Analysts and watchdogs warn this is classic fiscal gimmickry - delaying real problems instead of solving them. High earners continue fleeing New York due to taxes and policies, making future shortfalls even worse.
This is textbook socialist budgeting: spend now, gimmick the numbers, and hope someone else pays the bill later. New Yorkers and state taxpayers will ultimately foot the cost when the temporary fixes run out and reality catches up.
The only reason I even bother to pay attention to this guy is because we all know what a colossal failure him and his policies will prove to be. We are sure of it. What's worth watching is if the people there will learn from it, or stay on the same crazy path. I'm betting on the latter, saldy...

 

[Lionfish]

There is no idea bad enough that Dumocrats won't jump at the opportunity first chance they get. This is a prime example of thaT. The ink isn’t even dry on New York City’s proposed pied-à-terre tax - and one Miami Beach tower is already counting the money.
At the Perigon Miami Beach, a 72-unit oceanfront condominium in Mid-Beach designed by Pritzker Prize-winning architect Rem Koolhaas’s firm OMA, developers say they logged more than $70 million in sales from New York buyers in the 30 days after the building reached its full structural height in early March.
It is no coincidence, on April 15, Mayor Zohran Mamdani and Governor Kathy Hochul jointly announced an annual surcharge on secondary homes in New York City valued above $5 million, targeting owners whose primary residence is elsewhere.
The city says it expects to raise $500 million a year. What nobody in Albany or City Hall seems to have accounted for is what happens south of the Mason-Dixon line when that kind of news lands.