The economic perversion of rent stabilization laws
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Link: https://www.tiktok.com/t/ZP8DwboP3/
Replies to: The economic perversion of rent stabilization laws
Please stop with the NYC stuff. You don’t live here and you get it wrong always. Move on.
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Your beloved MSM has anointed him the poster boy for the party.
Or would you prefer I focus on the mayor elect of Seattle, who makes Mamdani look like a capitalistic pig.
How about the mayor of your town?
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The D went thru bankruptcy years ago and it's seriously paying off.
NYC is rolling downhill in this direction and Mamdani will accelerate the pace.
It’s all in your imagination, Chicken Little.
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It would be great if you ever offered something constructive rather than silly ad hoc insults.
The D is doing so so much better today than it was prior to the 2013 Chapter 9 purging.
I did but it didn’t penetrate.
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Not uncommon here...
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My sympathies to you two.
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A recurring problem?
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Congrats to Mayor Wilson for getting her first job at age 43!
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Wait a minute, you just recently took up a crusade for soybean farmers.
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US tariffs and billion dollar give aways to DJT’s pals by DJT.
Iowa farmers voted for it. It’s a national issue. Rent stabilization is a local issue he gets wrong every time he posts on it.
The Economic Perversion of CEO to Avg. Worker Compensation rising from 21X ('65) to 241X ('25)...
...10X increase in 'Productivity' of CEOs vs. Avg. Workers?...Really?
A 2% tax increase on NYC millionaires could produce ~$4B in revenue for landlord credits so that units are repaired and livable...not empty...along with other benefits for low income residents...while those tax payers remain millionaires...billionaires...or even trillionaires.
Link: https://www.epi.org/publication/ceo-pay/
So NYC would send $ to landlords to upgrade the apartments?
Or would the City do the upgrades themselves?
And what if maintenance costs themselves can’t be covered by the “stabilized” rents?
And what happens if CEOs simply relocate out of town?
And… gosh there are so so many questions about how having the government introject itself into the marketplace.
Maybe the government should simple take over housing in general?
Link: https://en.wikipedia.org/wiki/Khrushchevka
Yes...Mayor Adams introduced such a program last year. It's a one time amount for repairs and
needed upgrades.
Ok... give it a go and let's see if it works out FINANCIALLY.
I acknowledge that housing in NYC is abysmal. My son lived there for a few years on a Wall Steet investment banker's salary and his place was a dump. I just have severe doubts about any government intervention in markets. It always inflates the costs... like with funding higher Ed.
Agreed...let's see if he can pull it off...but as you note, the cause is a Just One.
btw, I have a relative who has spent their entire adult life living and working in NYC for a major company...that relative is alone now, living off a decent pension among life long friends and neighbors...there is no way that relative could afford the skyrocketing rents...surely, the super wealthy can afford to do SOMETHING for such people. The program I mentioned should help keep the landlords of NYC off the bread lines while allowing residents to have a roof over their heads.
They deserve it. These companies are so much more complex and the pressure for results so much more
intense than 1978.
The personal sacrifices to reach the CEO level of a Fortune 1000 company are beyond what most are willing to do.
You jest, yes?
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How do you feel about the salaries of sports stars and entertainers?
Or should the government have an agency of elite academics who would “determine” the “appropriate” salaries for every job in the country?
Or best of all… to each according to his or her or whatever’s “needs”
I don't care. Most earn their money.
And it either goes to them or the owners.
As for college coach salaries....that is an abomination. But the NCAA is a bigger abomination.
God forbid some of its money serve the educational mission of the schools.
This trend needs to be halted...ASAP...
...from the Knight Commission...
https://en.wikipedia.org/wiki/Knight_Commission
Link: https://www.knightcommission.org/wp-content/uploads/2021/09/kcia_cla_projections__2023.pdf
Not at all. CEO is a tough job. Intense scrutiny.
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Give me a break. The boards vote the CEO salaries, and there is just absurd inflation.
The idea that being CEO of GM today is ten times harder than it was in 1970 is asinine.