Reply to Zohran Mamdani...

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The GOP is looking weak and very scared of Mamdani.

https://thehill.com/homenews/campaign/5408555-nrcc-targets-new-york-democrats/[/quote]

Mandani wants to revolutionize groceries with socialism because that worked so well in the USSR.  The GOP knows Mamdani's policies will be an unmitigated disaster, but the GOP is too cowed to actually fix the problem.  [/quote]

Mamdani wants socialized housing. How about stopping the invasion of America?[/quote]

Huh? He wants more housing for people. NYC has a severe housing shortage. Every candidate suggests that in some form. [/quote]

The housing shortage is because foreign rich billionaires are buying empty apartments in the city that aren’t even rentals. They just keep the homes for summer or business trips [/quote]

Huh?

The rich billionaires are buying the 30-100 million apartments on billionaires row.

They are not buying up the 900k basement apartments in 150 year old brownstones that people of middle class income can afford.

Also, his plans call for money to come from the rich residents in NYC who he can tax. Without their money, he has no funds for his programs.  Many of the billionaires will simple leave NYC like many have already, and the tax base will be decimated.  His programs will fail miserably without the money to pay for them.[/quote]

No the billionaires, how few there are, are not leaving NYC to go to tax friendly Duluth.  It’s like the people who say they are leaving the US when Obama became president or Trump.   [/quote]

There is nowhere for them to go where they don't already own.  If their costs become too oppressive though they may sell.  I know people with the networth over 130 mil and they are dying to get rid of their property that's become a maintenance money pit and want to invest all these millions elsewhere.   While I doubt billionaires will sell, there will definitely be some exodus of high networth individuals to may find limited amount of time they spend in NYC not worth paying so much extra in terms of taxes. Will this create affordable housing for middle class? Not unless these units are subdivided into smaller places, and even then they are still only going to be avail to the top earners simply because they are largely located in luxury newer buildings, vs old coops where Manhattan middle classes tend to reside and recent grads tend to room together. [/quote]

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