Folks like this clown think there enough rich bleeding hearts out there ready to take one for the team. What he will learn is these folks are really good at protecting what is theirs. He will end up actually having to tax everyone , which of course will make NYC even more unaffordable and less attractive and then the spiral really begins.
Is Bruce Springsteen going to step up here?
He needs to write a song “On the Streets of New York”
That is what is happening in Chicago. Businesses are fleeing and commercial real estate prices are in a free fall. The only way to make up the loss for of commercial real estate property taxes is to increase property taxes for home owners.