The promise was that it is not necessary to worry about the high cost of living. One need not worry because there is going to be tons of free stuff.
The free stuff is the cities wealth that will be redistributed from those that have to those who have not.
The net worth of New York is going to suffer a precipitous decline
"the inherent vice of capitalism is the unequal sharing of blessings," while "the inherent virtue of socialism is the equal sharing of miseries”
I strongly suspect that New Yorkers are going to be sharing quite a bit of well earned and well deserved misery. Their willful ignorance of the failure of socialism/communism to deliver what it promises EVERY time it has been tried cannot be unknown to the Democrat voters of NY. however their minds which apparently exist in an alternative fantasy universe rejected this knowledge. One more quote from Terry Goodkind:
People are stupid. They will believe any lie as long as they want it to be true or are afraid it is trueEspecially NYC Democrat voters.
I would like to change one of your sentences to “will be redistributed from those who labored to accumulate it to those who didn’t.”