No. of Recommendations: 3
Things are looking pretty bleak for NYC because not only is Mamdani an incompetent idealogue, his ideology is crazy.Yep, the three dingos, Bernie, AOC and Mamdani will be the death of NYC.
Saw this..
“I can tell you, and I tell you now, that I am prepared to veto any bill that has as its purpose a Federal bailout of New York City to prevent default.”
-Gerald R. Ford“
President Trump basically feels the same way.
SNIP
“The 1975 fiscal emergency saved New York City from bankruptcy but created a revenue system that concentrated fiscal pressure on real estate, while denying the city the authority to implement comprehensive solutions. Until the state returns broader fiscal autonomy or comprehensive reform emerges from Albany, every expansion of city services translates directly into higher property tax burdens for commercial tenants, residential renters, and property owners throughout New York's five boroughs.”
Interesting Article dated June 07, 2025
https://rangenyc.substack.com/p/albany-controls-ny...I wonder where Mamdani thinks the money will come from to pay for his proposed freebies, etc.
It’s going to be fun watching from the side lines.
