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Mayor De Blasio's New York Needs The 'One Percenters' More Than Ever
Forbes ^ | 01/11/2014 | Kyle Smith

Posted on 01/11/2014 6:07:53 AM PST by SeekAndFind

New York’s 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 can’t fix income inequality, nor should he. Given that there will always be some who are just starting out or lack the wherewithal to succeed, it’s the wealthy who are responsible for the gap between rich and poor. And it’s 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 Blasio’s 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 ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: New York
KEYWORDS: billdeblasio; deblasio; newyork; newyorkcity; newyorkslimes; newyorktimes; nyc; occutardation; paultardation; rich

1 posted on 01/11/2014 6:07:53 AM PST by SeekAndFind
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To: SeekAndFind

The real question should be do the one percenters need New York?


2 posted on 01/11/2014 6:11:32 AM PST by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: SeekAndFind

This is going to be fun to watch.


3 posted on 01/11/2014 6:15:45 AM PST by KevinB (Barack Hussein Obama: Proof-positive that affirmative action does not work.)
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To: SeekAndFind

Meanwhile, Florida becomes the economic capital of the US.


4 posted on 01/11/2014 6:17:03 AM PST by Excellence (All your database are belong to us.)
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To: SeekAndFind
Back when NY City knew how to vote for its mayor:


5 posted on 01/11/2014 6:17:35 AM PST by Slyfox (We want our pre-existing HEALTH INSURANCE back!)
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To: SeekAndFind
I am a firm believer in ‘those who are responsible for calamity should have to suffer more’. I HOPE the 1%ers leave him high and dry. Then those who voted to punish success will have to bear the brunt of DeBlasio’s policies. Funnily, we out here in the west are now being subjected to ads featuring ‘tax-free New York’. ‘Come to New York to open your business and pay no taxes for 10 years’. Yes, I understand it is for the State of NY, but c’mon.......who would EVER believe that lie?
6 posted on 01/11/2014 6:17:49 AM PST by originalbuckeye ("A thing moderately good is not so good as it ought to be. Moderation in temper is always a virtue;)
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To: Slyfox

Bill de Blasio is simply unfit for office.

LaGuardia would be better, even having been dead all these many years.


7 posted on 01/11/2014 6:20:49 AM PST by Bobalu (The true secret to genius is in creativity, not in technical mechanics)
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To: Mouton

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.


8 posted on 01/11/2014 6:21:28 AM PST by tflabo (Truth or Tyranny)
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To: SeekAndFind

The income gap will decrease with the withdrawal of the 1%. De Blasio’s gaol can be achieved if he can drive them out.


9 posted on 01/11/2014 6:27:01 AM PST by depressed in 06 (America conceived in liberty, dies in slavery.)
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To: SeekAndFind

Will DeBlowsio turn NYC into Detroit Part Dieu?


10 posted on 01/11/2014 6:28:04 AM PST by windsorknot (>>>)
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To: SeekAndFind

Move the stock exchange to Dallas.


11 posted on 01/11/2014 6:31:59 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: blueunicorn6

A con man goes where he can steal money. Take the easy money away, and the con man leaves.


12 posted on 01/11/2014 6:33:50 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: SeekAndFind

Well, like Ed Koch said when he lost to Dinkins: “The voters have spoken. . . and now they must be punished.”


13 posted on 01/11/2014 6:45:53 AM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: SeekAndFind

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?


14 posted on 01/11/2014 6:49:10 AM PST by Texas resident
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To: SeekAndFind

I hope he does everything he says he’s going to do. The limousine liberals deserve what they voted for.


15 posted on 01/11/2014 6:49:30 AM PST by BinaryBoy (Socialism is slavery.)
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To: blueunicorn6

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.


16 posted on 01/11/2014 6:49:40 AM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: BinaryBoy

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.


17 posted on 01/11/2014 6:55:13 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: SeekAndFind

How soon before New York starts looking like East Berlin with de Blasio building a wall to keep the wealthy from fleeing the city?


18 posted on 01/11/2014 7:09:46 AM PST by The Great RJ
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To: Texas resident

“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.


19 posted on 01/11/2014 7:14:00 AM PST by TalBlack
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To: SeekAndFind

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.


20 posted on 01/11/2014 7:15:49 AM PST by Yorlik803 ( Church/Caboose in 2016)
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To: Slyfox

Naah. He was a Democrat.

The last decent Mayor New York had was Peter Stuyvesant.


21 posted on 01/11/2014 7:19:06 AM PST by ZULU (Magua is sitting in the Oval Office)
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To: The_Reader_David

I think that if you move the physical location of the stock exchange, then you move the people that de Blasio wants to tax. Let him tax the theaters.


22 posted on 01/11/2014 7:31:14 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Excellence

Problem is, they’re bringing their liberal politics with them when they emigrate from NY.

South Florida is a completely different state compared to North Florida and the panhandle.


23 posted on 01/11/2014 8:10:17 AM PST by Arm_Bears (Refuse; Resist; Rebel; Revolt!)
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To: SeekAndFind; All

It is recorded 3 times in the New Testament, that Jesus said: “The poor you will have with you ALWAYS”. Apparently Obama and the Liberals don’t know that there will NEVER be “income equality”.


24 posted on 01/11/2014 9:07:57 AM PST by Din Maker
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To: SeekAndFind
Every rich person who is pushed out of New York, or elects not to come here in the first place while de Blasio whips up ever more job-crushing taxes and regulations, is a potential loss for all of these industries and many more, and without the gusher of tax revenue Wall Street provides there wouldn’t be a welfare state either: the top one percent of New Yorkers provide 43 percent of the tax revenue.

Who is John Galt?

25 posted on 01/11/2014 9:27:32 AM PST by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
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To: ZULU

http://en.wikipedia.org/wiki/Fiorello_La_Guardia

Republican.


26 posted on 01/11/2014 12:44:27 PM PST by Slyfox (We want our pre-existing HEALTH INSURANCE back!)
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To: Slyfox
http://en.wikipedia.org/wiki/Fiorello_La_Guardia Republican.

How long until there are demands to change the name of the airport?

27 posted on 01/11/2014 12:45:23 PM PST by dfwgator
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To: dfwgator
How long until there are demands to change the name of the airport?

Somebody will have to do a bio on him that makes him out to be something that he never was, like Norman Rockwell. Then, they will change the name.

28 posted on 01/11/2014 1:05:28 PM PST by Slyfox (We want our pre-existing HEALTH INSURANCE back!)
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To: Slyfox

Interesting. Thanks. I thought he was a Democrat.


29 posted on 01/11/2014 2:11:22 PM PST by ZULU (Magua is sitting in the Oval Office)
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To: tflabo

This communist goof is going to learn the first maxim of capitalism the hard way: money moves where it is well treated and leaves where it is not.


30 posted on 01/11/2014 3:54:09 PM PST by Ban Draoi Marbh Draoi ( Gen. 12:3: a warning to all anti-semites.)
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To: SeekAndFind

Even Mayor Mike Bloomberg wasn’t stupid enough to try and fleece the “percenters” of NYC. When the then Gov. David Patterson wanted a “soak the rich” tax on high income earners, Bloomberg went public to scuttle Patterson’s plan. Why? There are 44,000 of these high earners that pay 50 percent of the NYC budget. NYC cannot afford to go after them without dire consequences. Go ahead, Mayor Bill de Blasio, time to destroy the economy of NYC. Pass the popcorn. For you NYC folks, BOHICA — you’re going to get it long and hard.


31 posted on 01/11/2014 4:47:59 PM PST by MasterGunner01
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To: tflabo

We need to salvage bread and pizza and financing from New York. The rest they get to keep. Wish em luck.


32 posted on 01/11/2014 5:29:40 PM PST by Nuc 1.1 (Nuc 1 Liberals aren't Patriots. Remember 1789!)
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