FastlaneThis is from "The Other 98%". I sure hope it is true!

FastlaneThis is from "The Other 98%". I sure hope it is true!
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RambleOn 10k+ OP 
~ 3 days, 7 hrs ago    
This is from "The Other 98%". I sure hope it is true!
"Zohran Mamdani just erased a $12 BILLION deficit with zero service cuts and zero new taxes on regular New Yorkers. Republicans said it was impossible. They lied.
Remember six months ago when every Republican pundit, every Fox News host, and every billionaire-funded think tank was screaming that Zohran Mamdani would destroy New York City? That his "democratic socialist" agenda was economic suicide? That the math didn't work?
The math worked.
Mamdani just announced he completely wiped out the $12 billion budget deficit that the wildly corrupt Eric Adams left behind. No public service cuts. No new taxes on working New Yorkers. None of the austerity nightmare Republicans promised was the only option.
Here's how he actually did it. He secured $8 billion in new state assistance. He passed a pied-à-terre tax on second homes valued over $5 million, which means billionaires who use Manhattan apartments as glorified parking spots for their money are finally paying their fair share. The ultra-wealthy are losing their minds about it. Everyone else is cheering.
Then he found nearly $2 billion in savings by doing the most boring thing imaginable: actually running the government competently. Reducing overtime. Renegotiating contracts. Updating ancient software. Consolidating leases. Phasing out programs nobody was using. Collecting revenue the city was already owed.
The kind of basic management that every Republican claims to support and never actually does.
And after all that, he still had enough left over to put $2 billion back into the rainy day fund and $5.2 billion into the Retiree Health Benefit Trust.
So let's review. The "fiscally responsible" Republicans gave Eric Adams a fawning thumbs-up while he ballooned the deficit to its highest level since the Great Recession. The "socialist who would destroy the economy" walked in, taxed the right people, ran the government like an adult, and turned the whole thing around in months.
Every single talking point about democratic socialism being unworkable just got demolished by reality. Every single claim that Republicans are the party of fiscal discipline just got buried under their own record. And every billionaire who threatened to flee the city if Mamdani won is now stuck watching the city thrive while they pay a tax they can easily afford.
Tax the rich. Run the government competently. Watch the deficit disappear.
It really was that simple the whole time. They just didn't want you to know. "
skutfarcus, SuzyH and mypeez + 2 more reacted
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RambleOn 10k+ OP 
~ 3 days, 6 hrs ago    
There is a "Community Note" on this and on the same or similar note on Meidas touch. Not totally solidly on the dotted line yet.
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DennisinPeoria 10k+
~ 3 days, 5 hrs ago    
Re: "He passed a pied-à-terre tax on second homes valued over $5 million, which means billionaires who use Manhattan apartments as glorified parking spots for their money are finally paying their fair share. The ultra-wealthy are losing their minds about it. Everyone else is cheering."
 
That's the key right there. I think Republicans hate when their wealthy campaign donors have to ante up more money. More of their fair share. Now, will NYC see a sudden mass departure or sales of the posh apartments by the rich? I guess we'll see. The GOP and detractors will find something else to bash him about, like crime rates, property taxes, city fees, unemployment, or neighborhood deterioration. Even if a lot of that occurred under his predecessors.
 
My opinion and mine alone and no one else.
skutfarcus, AverageSue and mypeez reacted
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mypeez 10k+
~ 2 days, 21 hrs ago    
Watch the deficit disappear. It really was that simple the whole time. They just didn't want you to know. " #msg1944420
 
@RambleOn : Yes it was that simple. It'll be the same to fix social security by taxing income above $50k for SS, and eliminating Trumps tax cuts for millionaires, and so forth, and so forth.
skutfarcus, AverageSue and CCubs + 1 more reacted
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billybob 10k+ App
~ 2 days, 20 hrs ago    
Large parts of this story are NOT TRUE.
DennisinPeoria reacted
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billybob 10k+ App
~ 2 days, 20 hrs ago    
Re: "He passed a pied-à-terre tax on second homes valued over $5 million, which means billionaires who use Manhattan apartments as glorified parking spots for their money are finally paying their fair share. The ultra-wealthy are losing their minds about it. Everyone else is cheering."
 
That's the key right there. I think Republicans hate when their wealthy campaign donors have to ante up more money. More of their fair share. Now, will NYC see a sudden mass departure or sales of the posh apartments by the rich? I guess we'll see. The GOP and detractors will find something else to bash him about, like crime rates, property taxes, city fees, unemployment, or neighborhood deterioration. Even if a lot of that occurred under his predecessors.
 
My opinion and mine alone and no one else.
 
@DennisinPeoria:
A few years ago, Amazon moved 14,000!jobs from NYC because AOC was talking about taxing the rich
 
A large portion of pied-a-tierre owners are foreign citizens. Many of them are already coming less because of Trumps policies.
They are major purchasers of luxury goods.They are major donors to cultural institutions.So there is that part of the story too.
 
8
DennisinPeoria reacted
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mypeez 10k+
~ 2 days, 20 hrs ago    
Large parts of this story are NOT TRUE. #msg1944453
 
@billybob : I have read that nearly 1/2 of that deficit was shored up by New York State $'s.
DennisinPeoria reacted
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AntiRanchDrssng 25k+
~ 2 days, 19 hrs ago    
Now, will NYC see a sudden mass departure or sales of the posh apartments by the rich? I #msg1944430
 
@DennisinPeoria : Of course not. Why give those up? Being that filthy rich, they can afford the best tax attorneys money can buy who will eventually find a loophole and get around it.
DennisinPeoria, AverageSue and billybob reacted
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