hy-people-out-of-nyc/
"The sneering suggestion that everyone with money is somehow guilty of
something is not a surprise coming from a man who spent his honeymoon on an
illegal trip to Castro's Cuba. What is a surprise is his lack of
appreciation for the impact of wealth on city revenues and the importance of
philanthropy to the arts and education."
"As Bloomberg often noted, about 5,000 very wealthy families paid 30 percent
of the city's income tax. Losing even a few of them means significantly less
money for filling potholes and hiring cops."
"Billions in philanthropy support the arts, ranging from local dance groups
to the flagship institutions that define New York as a world-class city.
Nearly half of the Metropolitan Opera's operating fund comes from donations,
which last year reached $143 million."
"The biggest change in the Bloomberg era was an explosion of charitable
dollars to help fund the charter-school movement, and that seems to
infuriate de Blasio. One reason might be that it threatens his political
base. Charters teach 70,000 kids, and if they keep expanding and succeeding,
they will be an existential threat to the unions that back him."
Looks like NYC is on track to return to the crime-ridden hell-hole it was
back in the 1970's and '80's. Probably worse this time around. It probably
will turn into an even bigger version of Detroit, should Mayor De Blasio's
Leftist redistributionist polices succeed in driving out the financial
industry. The whole country is broke now and there will be no money to bail
NYC out.
By Epictetus
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