Buoyed by billions in assistance from the state, real talk about what it takes to run New York City, and some taxes on the rich, the mayor closed a historic leftover budget deficit.
Kathy Hochul
Posted inEconomic Policy
On Tax Day, Mamdani Taxed the Rich
The mayor, his supporters, and public opinion convinced their previously reluctant governor to agree to a tax on the second (or third, fourth, fifth, etc.) homes of their city’s nonresident rich.
Posted inPolitics
Getting New York City to Believe in Government
Maintaining the momentum of Zohran Mamdani’s historically successful election campaign has meant doing the little things right.
Posted inEconomic Policy
A K-Shaped Economy Requires K-Shaped Taxes
Wealth tax skeptics either fail to notice the massive upward redistribution of wealth, income, and political power, benefit from it, or fear challenging it.
Posted inTransportation
How Crime Flourishes on Turo
Peer-to-peer car lending has less oversight over both hosts and guests, contributing to a risky platform rife with criminal activity.
Posted inWorking in America
Nurses Hold the Line for Workplace Safety
In New York, nurses mark the fourth week of their strike with a march on Gov. Kathy Hochul. A West Coast strike is in its second week.
Posted inTransportation
New York’s Bold Congestion Plan Triumph
Charging drivers to enter the city’s business district stoked outrage and acceptance as residents come to terms with the program.
Posted inTAP
Mamdani’s First Week
The mayor has already secured one of his top campaign promises, among other wins on behalf of New Yorkers.
Posted inEconomic Policy
A Happy 2025 By-Product: Revulsion at the Rich
With Trump, Musk, Bezos et al. running amok, progressive economic populism is on the rise. Polling shows a broad public turn toward policy that seeks to reverse the upward redistribution of income and wealth to our billionaires and make life’s necessities affordable.
Posted inMoney, Politics, and Power
Hochul Caves to Big Tech on AI Safety Bill
A bill that passed the New York legislature was completely gutted and substituted with language perceived as friendlier to the industry.