Mamdani plays at governing - housing edition
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@jon-nyc She has really big eyeballs in that video
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You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth — and that future wealth is less likely to be produced when people see that it is going to be confiscated.
Farmers in the Soviet Union cut back on how much time and effort they invested in growing their crops, when they realized that the government was going to take a big part of the harvest. They slaughtered and ate young animals that they would normally keep tending and feeding until maturity.
~ Thomas Sowell, “The Fallacy of Redistribution” (2012) -
Mamdani Reverses Campaign Promise to Expand Rental Assistance
A rental voucher program costs more than $1 billion. The mayor’s decision to curtail its expansion reflects the clash between his ideology and the realities of managing the city.
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