Huh? It's insolvent and not popular at all. It will run out of money with the current 70 and 80 yos. |
wish I had all my SS contributions back and in my own 70/30 naive portfolio for retirement. |
but that's not how ponzi schemes work. |
Good grief. The US is based on capitalism. Not socialism. Socialism, as Mamdani would like, is NOT a good thing. The piece that was linked upthread about socialistm has this little bit that you all are ignoring: "Capitalism, with its belief in private ownership and the maximizing of profits, stands in contrast to socialism, but most capitalist economies today have some socialist aspects." https://www.investopedia.com/terms/s/socialism.asp Just because the US has some aspect of socialism, that doesn't mean that socialism is good or that the US is a socialist country. |
Huh? Please Google: is social security popular NP |
The president bullying companies and enacting tariffs is just as, if not more socialist than anything the Dems try to do. |
I wonder how socialism worked for the elderly in other socialist countries. Didn't people die by starvation in many of the previous socialist experiments? |
Yes. |
And, why might there be food deserts in the city? Is it because crime drove businesses that used to be there out? If so, how do you think these government run grocery stores will fare? And, as to your question..... Economists and business leaders are sounding alarms over New York City mayoral candidate Zohran Mamdani’s plan to roll out city-owned grocery stores that he says will lower food costs. "You don’t lower grocery bills by having government-run stores," Ryan Bourne, a top economist at the libertarian leaning Cato Institute think tank, told Fox Business. "Government-run entities have no market discipline — no need to earn profits, compete, or serve customers efficiently. That leads to bloated costs, empty shelves, and zero accountability." Bourne called Mamdani's city-run grocery stores "the height of political hubris" by failing to acknowledge that grocers operate in competitive arenas and on razor-thin profit margins. "If we just do the simple math here, there's no way you can sell these products at lower prices and still make money," said E.J. Antoni, chief economist at the conservative leaning Heritage Foundation think tank. "The other problem is that if he (Mamdani) is selling things substantially less than the private market, who is going to want to go to the private market? Everyone is going to want to go to these grocery stores," Antoni told Fox Business, adding that the city-run grocery stores have the potential to exacerbate food shortages in New York City. "If the government is going to make it impossible for the private market to compete, then the private market will stop competing. If you make it unprofitable for a grocer to do business in Manhattan, then people like John Catsimatidis are going to pull the plug," Antoni said, referencing the billionaire supermarket magnate. In an interview with Fox Business, Catsimatidis said retail food was the toughest company in his Red Apple Group portfolio, which also includes real estate, energy and insurance assets. "If the city of New York is going socialist, I will definitely close, or sell, or move or franchise the Gristedes locations," he said. Catsimatidis, a high-profile political donor in conservative circles, operates more than 15 Gristedes and nearly a dozen D'Agostino grocery stores in Manhattan. "It’s going to hurt New York," Catsimatidis said of Mamdani's economic agenda should he win the November general election. He added that he is considering moving his corporate offices to New Jersey if that happens. https://www.foxbusiness.com/politics/mamdanis-public-grocery-stores-may-have-devastating-effects-citys-food-supply |
The same way any invasive species destabilizes an ecosystem. Slowly at first and then very rapidly. He’s going to take a notoriously low margin business and undercut it via exemptions to rent and property taxes (non-replicable competitive advantages). If he succeeds in selling at lower prices it will put his competitors out of business, slowly at first and then all at once. Once government monopoly is all that remains, costs increases and quality will degrade. |
Simple logic. Everyone who doesn't agree with your agenda is stupid. |
All geniuses flunked high school or got expelled? |
Anyone who votes for someone who pledges to "seize the means of production" is indeed a complete idiot. |
Or rich-boy larping communists... |
That's your opinion, and the great thing about democracy is that this country can be whatever the people want it to be. |