Mayor De Blasio's New York Needs The 'One Percenters' More Than Ever

Forbes ^ | 01/11/2014 | Kyle Smith

[Mouton]

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

[KevinB]

This is going to be fun to watch.

[Excellence]

Meanwhile, Florida becomes the economic capital of the US.

[Slyfox]

Back when NY City knew how to vote for its mayor:

[originalbuckeye]

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?

[Bobalu]

Bill de Blasio is simply unfit for office.

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

[tflabo]

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.

[depressed in 06]

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

[windsorknot]

Will DeBlowsio turn NYC into Detroit Part Dieu?

[blueunicorn6]

Move the stock exchange to Dallas.

[blueunicorn6]

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

[The_Reader_David]

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

[Texas resident]

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?

[ArcadeQuarters]

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

[The_Reader_David]

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.

[griswold3]

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.

[The Great RJ]

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

[TalBlack]

“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.

[Yorlik803]

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.