"Blue cities are out of control, promising more, spending more, delivering less, and pushing off the fiscal problems to some future day. Zakaria ripped NYC Mayor Zohran Mamdani's proposed 9.5% property tax increase, saying it was an unwise move considering how heavily taxed New Yorkers already are. He gave Mamdani a quick compliment a moment later, saying his basic instinct on housing being unaffordable for middle-class residents is correct."
"Focus on affordability, especially housing, but not by providing government subsidies, Zakaria said. These only seem to have driven up the cost of rent, as subsidies naturally do. He then moved to the West Coast and bashed LA for being another one-party metropolis. Zakaria pointed out LA has poured billions into solving its homeless crisis in recent years and has gotten absolutely nothing out of it."
"Chicago is yet another blue city blemish for Dems, Zakaria argued. He said the city is run by an unpopular mayor and has no answers for its ballooning pension payments, which will bankrupt the city sooner or later. What is the theory of good government here? Zakaria asked. If the answer is keep adding programs, the city will keep producing unaffordability because"
Blue cities such as New York, Los Angeles, and Chicago exhibit high taxes, expanding programs, and persistent failures in public safety, housing affordability, and fiscal management. New York’s proposal for a 9.5% property tax increase comes amid already heavy tax burdens and a fivefold rise in rental assistance subsidies from $263 million in 2020 to $1.34 billion in 2025. Government housing subsidies have contributed to higher rents. Los Angeles has spent billions on homelessness with worsening results; LA County’s homeless population rose 70% between 2015 and 2024. Chicago faces ballooning pension liabilities and leadership problems that threaten fiscal solvency.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]