Because people in that income range could never, ever, just move.
I would be willing to bet that before too long,
New York city would be requiring a large “tax” for the
privilage of moving out.
My prediction is by the end of DeBlazio’s term:
1. Crime will be way up
2. The balanced budget will turn into a huge deficit
3. White flight
4. Higher taxes...maybe even attempted property seizures
5. Income inequity will be a lot worse than it is now
Which is why it will be the middle class working stiffs who end up getting hammered for this. When a socialist talks about "income inequality" they mean the elimination of the middle class, which is well under way in this country.
Which is why it will be the middle class working stiffs who end up getting hammered for this. When a socialist talks about "income inequality" they mean the elimination of the middle class, which is well under way in this country.