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The cities middle class has been dwindling for the past 50 years. Urban Renewal and the white flight, block busting, red lining middle class New Yorkers into the suburbs. The city lost much of its tax base which resulted in NYC filing for bankruptcy in 1970s due to poor bond and crediting ratings. It took another generation for NYC to rebuild much of its middle class again. With expensive costs in housing, taxes, maintenance transportation, crime and failing public education. this again forces many of middle class New Yorkers of all races to leave the city for greener pastures. Now what is left in increasingly poor trying to pay their rent and a monthly metro card, with little to no money to save and invest for a brighter healthier future, and a minute number of rich who's pockets are getting fatter by the minute. Some one really needs to bring back middle class jobs to NYC.
This may never happen. You can't live your life hoping for a savior figure from the government. If you don't want to struggle in NYC, you have to move into a higher income bracket, plain and simple. If you can't do that, then you'll just be struggling in the city if you stay. Or you can leave. People are going to have to make the best decisions for themselves, because if you're waiting around for a politician to save you, you'll be sleeping out in the streets.
Decisions made by the corporate level determined that there was no need to do certain jobs in NYC. There were huge economic consequences, but these are far beyond the power of the mayor to really deal with.
What kind of graph is that? Can you provide a source?
What is determining "average"?
That graph is "crap". Median net worth in the US has not dropped below $60,000 (in 2011 dollars) since 2000. In 2000, it was about $80,000 in 2011 dollars, $60,000 in current dollars. In 2011, just under $70,000 in 2011 dollars. It's varied widely in between, mostly due to the housing bubble.
You know, I am very pro-wealth and pro-capitalism (and dislike De Blasio) but you're very wrong.
The middle-class was far better off when there were fewer billionaires in our country. Middle-class eroded when billionaires began outsourcing everything to people who worked for pennies overseas. Pure trickle down economics doesn't work. IMO, capitalism and a sprinkle of socialism makes for a healthy economy.
A sprinkle of socialism is really all de Blasio is proposing so maybe you'll like him OK.
That graph is "crap". Median net worth in the US has not dropped below $60,000 (in 2011 dollars) since 2000. In 2000, it was about $80,000 in 2011 dollars, $60,000 in current dollars. In 2011, just under $70,000 in 2011 dollars. It's varied widely in between, mostly due to the housing bubble.
Yeah, the US has the highest average wage in the world. I'm not buying what that graph and article are selling.
I'm far from sanguine about Mr. de Blasio, and I was in fact one of the ~26% of NY'ers who didn't give him my vote. I also agree that Mr. Bloomberg was a remarkably good (if occasionally overbearing) mayor.
That being said, I'll hold this out as a great example of why conservatives tend to underperform in minority communities. Insulting wide chunks of the electorate and assuming that they'll never be receptive to your message because they're all lazy bums, does not yield votes, and does not sway opinion. It merely makes you feel smug and reassured. If that's your goal, congratulations.
On income inequality - that's something more under the influence of central bankers, governors, and the Federal government. Other than improving the City's schools (therefore increasing the probability that children in New York from underprivileged backgrounds have a better shot at gaining a quality education and therefore access to higher-paying employment), there will be precious little Mr. de Blasio can do in this arena. If he believes he's going to halt the tide of wealthy individuals who wish to buy into/reside in Manhattan, he's going to find he's sadly mistaken.
Quote:
Originally Posted by NYCWonderBoy
There's nothing this new idiot mayor can do about it, thank God.
There's nothing bad about income inequality. It exists for a reason. Sociology 101.
Now, if the lefties can bring up race, so can I.
Most of the people decrying Bloomberg on here are minorities.
He was a great mayor.
You guys should listen to Booker T. Washington and suck it up. Listening to the left has produced an epidemic of poorly educated welfare recipients among the blacks, and the Mexicans are slowly but surely following that same trend. It's so sad.
Warren Buffet a danger? Ted Turner is a nut case. But to be fair that may be my politics showing. But I don't believe someone being successful is dangerous. I also don't believe that being poor makes someone a danger in itself.
Having money and success isn't necessarily related in this case.
No one has ever been denying the ideas of capitalism or success as a drive to production.
The problem is when a small percentage of people have all the money, job, and power- it undermines the value of a democracy. You're likely aware of this but don't think of it as an issue, because somehow you think of these people as generally deserving.
Warren Buffet made 1,575 times the median income of an Omahan family.
That means he could buy homes displacing 1,500 families per year.
His taxes (while he calls them low by design) make up likely more than the taxes collected by 2,000 households in Omaha. Meaning if he ever chose to leave, quite severe cuts would have to be made just to make up his personal income taxes.
Such an amassed amount of wealth could be passed on so that the next 25-50 generations of Buffets would never have to work a day in their life, and still be richer than the majority of Americans- which is counter productive.
I know the price i'd have to pay if I wanted someone killed. People (especially the poor) are willing to do a lot for necessary sums of money.
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