So the city where I was born, New York, elected the finest mayor in their history: Zohran Mamdani. He's the finest for those of us who live elsewhere, of course, as he continues on a path of new and creative ways to push out the richest residents of NYC.
Recently, he took a shot at Ken Griffin, the billionaire who moved his Citadel hedge fund from Chicago to Miami a few years back, and has since given away hundreds of millions of dollars to local charities -- ranging from the Underline (the linear park beneath Metrorail) to UM, to Miami Children's, to Mt. Sinai's new cancer center.
And Griffin was poised to build a yuuuuge project in NYC, until Mamdani filmed a video outside his most expensive (Griffin's, not Mamdani's) vacation apartment, promising to tax the hell out of it.
Ok -- so I'm no economist, but have some empirical life experience. The Summer of '80, I had a dorm at UM where I lived when I took Genetics, the better to catch up on what would become an aborted pre-med career. The first day, my roomie showed up -- Saudi guy, with an Arab-fro, silk shirt, and gold coke spoon. He was a character out of a Hiassen novel, and said the following: "I have a hot Argentine girlfriend with an apartment in Kendall. I live with her, but my father, the Sheik, has no idea. He will call twice during the Summer asking for me. Please tell him I'm at the library, and then call me at this number (he handed me a card). If you do that, the room is a single for the price you're paying for a double."
We shook hands, and sure enough, the next week the phone rang -- it was the Sheik calling from Riyadh -- courtly fellow, with an Arabic accent. He knew about me -- I was an American from NY named David. (I guess this was a form of an early Abraham Accord). "Hello David, I am looking for my son Mohammed. Is he there?" I followed instructions to a T. Indeed, the Sheik called a second time, like abacus clockwork, and I did the same. I never heard again from either my 10 minute roomie or his Dad -- hopefully he wasn't one of the 19 on 911.
But the thing was, it was terrific for me. I had the room to myself, to entertain whoever I chose, and to scream at the small black and white TV as the Islanders won their first Stanley Cup. I watched with less wealthy Arab guys, who had zero idea what hockey was.
So Mamdani has all these billionaires and millionaires, who in fact DO pay taxes, and hire folks like contractors and housecleaners and such, and get almost nothing in return in the form of services! Great deal for the City.
Yet this putz is driving them out.
Our neighborhood has, so far as I know, only one billionaire property owner -- a guy named Ron Gutman, and Israeli-American scientist who got an early patent for at home Covid test kits. He moved his company from Silicon Valley to Miami, and bought himself a luxury condo on Miami Beach, and two houses in my'hood for, I am told, relatives to eventually move here.
He's owned the houses for years, renovated one, and kept the other in pristine condition -- looks exactly the same as when long time resident Ellyn sold it to him. He's a perfect neighbor! He pays WELL over $100K in property taxes, keeps up the houses, and adds zero noise or traffic to our 'hood. I guess eventually he WILL move in the relatives, or flip the properties, but for now? Should we tax him for being too rich?
Again -- NYC's losses are Miami (and apparently Texas's) gains. Send us MORE billionaires -- let them give to charity in amounts I could only dream about.
It's true -- as I age -- I lose my liberal leanings -- since, as the saying goes, I have a brain. To NYC and the Dem Socialists: party on. I saw Mamdani recently recognized Nakba Day -- something NYC used to call Israeli Independence Day. That's when the Arabs rejected the UN partition plan, and decided to drive the Jews out -- didn't end well for them.
I suspect the Mamdani Administration won't end well for NYC, either.