I know enough about it to stay the hell away from New York City real estate.
And you know even less about Marxism.
Fine. Then let's go down the list of all those "capitalistic" features of New York City's economy. In NYC, you've got the following . . .
1. Sales and Use Tax (8.375%)
2. Personal Income Tax (rate varies from 2.907% to 3.648%)
3. Hotel Room Occupancy Tax ($2 per day plus 5% of the room charges)
4. General Corporation Tax (8.85% of net corporate income)
5. Unincorporated Business Tax (4% of corporate income allocated to NYC)
6. Commercial Rent Tax (3.9% of base rent for all commercial tenants in Manhattan south of 96th Street)
7. Cigarette Tax ($1.50 per pack, on top of state and Federal taxes)
8. Beer and Liquor Excise Tax ($0.12 per gallon of beer and $0.264 per liter of liquor, collected by the state for alcohol purchased in NYC)
9. Banking Corporation Tax (9% of net income in NYC for banks and other financial institutions)
10. Commercial Motor Vehicle Tax ($40 to $1000 per vehicle depending on vehicle class, on top of state registration fees)
11. Motor Vehicle Use Tax ($15 tax collected by the state on vehicles registered in NYC)
12. Utility Tax (2.35% to 3.52% for most utilities)
13. E-911 Surcharge for Telecommunications Providers ($0.30 per month for wireless phones, $1.00 per month for land lines)
14. Mortgage Recording Tax (2.05% to 2.80% of mortgage value)
15. Real Property Transfer Tax (1% to 2.65% of the property value)
16. Retail Beer, Wine and Liquor License Tax (25% of the fees imposed by New York State)
17. Taxi License Transfer Tax (5% of the sale price of the taxi license)
18. Horse Race Admissions Tax (3% of admissions price)
Good grief. You can't even take a dump in this town without having some bureaucrat holding his hand out for a tax or fee of some kind.