It shouldn’t come as surprise that New York Mayor Bill de Blasio, who campaigned on fighting income inequality and wants to tax the rich to pay for public transit improvements , has a fairly dim view of private property rights. But “dim” is apparently a bit of an understatement.
Have a gun license? Plan to bring your gun to my hometown? Don’t. Mean New York authorities will make your life miserable. Patricia Jordan and her daughter flew here from her home state of Georgia. She wanted her gun nearby for protection.
New York City’s mayor, Bill de Blasio, is expected to announce on Monday a tax on the wealthiest residents in the city to pay for much-needed improvements for the city’s deteriorating subway system, according to multiple reports.
I like how anyone with whom the author disagrees is morally bankrupt and not worth listening to. Progressivism at its worst. It’s always so easy to take other people’s property for the “greater good.”
New York’s catastrophic homelessness is about to get much, much worse: the skyrocketing property values (driven by speculators who buy apartments in order to get their money out of corrupt and failing states abroad, leaving them empty with the understanding that they can be cashed out on short notice, thanks to the white-hot market of other money-launderers) have attracted very deep-pocketed, anonymous hedge-funds that are snapping up buildings with rent-stabilized and rent-controlled units, who use a ruthless set of highly refined tactics to kick out all their tenants and then flip the building. (more…)
Of course, the author the article blames capitalism as opposed to the government rent controls as the evil and cause of this situation. It is a total misunderstanding of the situation to blame capitalism when the issue is the government rent control and other housing controls.
You can’t legitimately blame the free market when you haven’t allowed a free market to exist.