During Wednesday’s jubilations for Democratic victories across the board the night prior, MSNBC’s Katy Tur claimed New York City’s wealthiest won’t leave because of the immense amount of culture on offer. Her guests also supported the idea that electing Zohran Mamdani (D) won’t scare off the one percent and subsequently bankrupt the city.
When asked if it was insane for a socialist to be placed in charge of the “capitalist capital of the world,” former Biden adviser Jared Bernstein defended the mayor-elect:
Look, there is a long and mistaken view that what's good for Main Street, or should I say what's good for Elmhurst or Brooklyn Heights, is bad for Wall Street. […] So, this idea that making New York City more affordable somehow it makes it a tougher place for the very wealthy to get by, I think is just fundamentally wrong.
(...)
***The complete post is on NewsBusters***
