David Friedberg: it is important for America that Mamdani get elected
twitter.com
twitter.com
Which would stimulate growth for the rest of America and encourage development of NY's neglected periphery. It would also reduce the strain on the famously broken NYC housing market, encourage fewer financier jobs to stratify the economy, and create a more sustainable and larger workforce for middle-class expansion and new white-collar jobs. Over time you would see an increase in state taxes which would lower the burden on local government, and open up new opportunities for tourism and development that necessarily don't exist as a result of NYC's obsession over value density. You know, stop encouraging the construction of Judge Dredd Mega-Blocks and focus on large cities that support all of it's citizens.
Listen to him though, he's the guy crytyping on X.
Keep in mind the wealthy pay overwhelmingly more in taxes than everyone else
So you have to ask your self, as a high-density city; do you want your bubble to pop, or are you willing to back off to prevent catastrophe? The difference in opinion between residents and real estate investors may shock you.
California's collapse was not inevitable. It was completely avoidable by being competitive with other states where people fled to.
On the other hand, a Socialism mindset will be the inevitable collapse on NY if given enough rope.
Again, you cannot tax your way out of fiscal issues and not expect people to take advantage of other options available.
Also, $1000 on you not living in either California or New York.
And you'd lose that bet.