801–810 of 1001 posts
Left wing candidate wins in extremely Left wing city, against "Cuomo"[0], to become mayor and people are celebrating this like it's some historical achievement. Everyday I grow more blackpilled about the balance of powers in the US if this is what the left-wing has going for it. [0] His name alone should be a synonym for how bad of a candidate he was, there's no single label good enough (like sex offender) to cover h…
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The Bay Area is far wealthier and much more economically relevant than NYC. NYC has a very large low income population. NYC doesn't have nearly as strong of an economy, financial services and trading firms are increasingly leaving. Whereas the Bay Area, particularly the peninsula, is home to the companies shaping the future like OpenAI and Nvidia along with a huge number of quality startups.
>The Bay Area is far wealthier and much more economically relevant than NYC. Not so much. The NY Metro Area has the highest GDP of any metro area in the US[0]. The San Francisco Bay Metro area ranks fourth, behind NYC, Los Angeles and Chicago. But don't feel too bad about it. It could have happened to any Metro area. [0] https://en.wikipedia.org/wiki/List_of_United_States_metropol...
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The Bay Area is far wealthier and much more economically relevant than NYC. NYC has a very large low income population. NYC doesn't have nearly as strong of an economy, financial services and trading firms are increasingly leaving. Whereas the Bay Area, particularly the peninsula, is home to the companies shaping the future like OpenAI and Nvidia along with a huge number of quality startups.
We may have to revisit this comparison once the AI bubble pops.
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The gov't may try to fuck with NYC using ICE or whatever, but honestly I think the fears about federal funding are overblown. NYC generates like 2+ trillion GDP all on its own. It is the largest metropolitan economy in the world let alone the United States. I don't know how much NYC actually depends on federal money, but if there's any city that has a chance to figure out how to make it through a government funding s…
NYC will riot french style if ICE moves in en-masse
I’m not a New Yorker or even an American, but it’s interesting just how much coverage this election has gotten in social media. I think most of his major policies are pretty bad, but I also think the reaction against him has been over the top. He is going to need cooperation from the state legislature, if he wants to collect the taxes needed to fund his policies, and I’m not sure how successful he will be at that. A…
> He is going to need cooperation from the state legislature, if he wants to collect the taxes needed to fund his policies, and I’m not sure how successful he will be at that. Why? How much of NYC's budget comes from Albany? My impression was that NYC had its own budget, paid for by its own taxes.
https://wikipedia.org/wiki/John_Forrest_Dillon#Dillon's_Rule
(de facto realpolitik-wise NYC will continue existing, but my point is to widen your Overton window to realize even NYC's own taxing authority is still under NYS' jurisdiction)
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Btw, federal and state funds were each ~1/6 of NYC's revenue in 2021: https://www.ibo.nyc.ny.us/iboreports/understandingthebudget....
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I'm a Londoner who voted for Khan. There's a difference in that contrary to all the scapegoat stuff in the right wing press, Khan has had largely sensible middle of of the road policies. And where he has deviated from the average, on air pollution, it's been stuff I'm in favour of - I have desire to get sick/die from that. Mamdani seems like a nice guy but some of his policies seem a bit bonkers - state owned retail…
Isn't it proposing running like five grocery stores to test? That's not bonkers or radical. Or even expensive. It seems like the type of experiment HN would love.
Which means the most prices can be lowered is 2%.
Which means the problem in food deserts is the customers are too poor.
Which means the solution is giving poor people money.
But that is not a winning political position, so we have all these nonsense proposals.
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Obama was hated by San Franciscan progressives because he came in with all of these promises and then backtracked on almost all of them. He basically turned into a Bush-lite, and he even maintained every single one of Bush's policies as well as deadlines. For example, he talked a lot about abortion and then immediately said it wasn't a priority for him once he got into office. He never closed Guantanamo and in both e…
I'll give you one reason, among many, it wasn't a failure. It made it illegal to deny people health insurance coverage based on pre existing conditions. That was a big step forward in a broken system to restore some humanity to the system.
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US policies wouldn’t affect the life expectancy in the UK, which has broadly the same trend: https://www.macrotrends.net/global-metrics/countries/gbr/uni... This is despite no-one paying (directly) for health care. Would you be willing to submit to invasive investigations into how you live to identify any risk factors you have (both under your control, like choosing to drive, international travel, and not under your…
> it’s pretty inhuman as a society to leave people to suffer and die because they can’t afford healthcare. this is mostly about drawing a line between the tradeoffs of costs and the benefits of increased lifespan and better quality of life. almost no-one actually believes all of societies resources should be committed to healthcare to achieve some small marginal health gain. claiming people are inhuman because they w…
The NHS for example today doesn’t spend infinite resources on any individual. In some cases, the decision is that the cost of treatment is not justified by the benefit.
Whether someone is a smoker is a factor in that decision: how much longer they may live, their expected quality of life. Also their lifestyle is taken into consideration when determining the order of a transplant list, etc.
But the decision is never made based on their ability to pay.
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Maybe it's because you're throwing around terms like "communism" incorrectly while simultaneously telling people they need to read history books. It's the same term Trump has been using to fear monger around Zoran's candidacy, and doesn't seem to relate to any of his actual policies. If you can enlighten us about the relationship between 1950s soviet bloc communism in eastern europe and a fairly run-of-the-mill 2020s…
Oh this isn't communism. Here are the facts, the Bolsheviks were a faction of the Russian Social Democratic Labour Party. They originally participated in the democratic process before they took power. Regardless of the fact that they are going through the steps now, the end goal of the DSA is the abolishment of private property. Socialism, Communism, Anarchism, whatever you want to call it, is a uniquely evil ideolog…
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Sure, Thiel is identifying some of the same problems, but the solutions he's proposing are basically the opposite of the ones Mamdani is. Unsurprisingly, he's proposing solutions that benefit billionaires rather than everyone else (e.g. just les us build whatever wherever we want, of course we'll build cheap housing that brings property houses down! Who could ever imagine we'll build luxury mansions that keep propert…
How many times must it be explained that building luxury mansions still brings property prices down. Nobody ever voluntarily builds crappy low income housing. That’s never how development works. You let people build the new fancy buildings they want to build with all the margins and high prices. Then, when a bunch of rich people move in, that’s people that are no longer chasing all the other apartments. Eventually, w…
Maybe? Seems to me that there's a certain level of wealth where this no longer is true. Housing has (unfortunately in my eyes) become one of those black boxes that you put money in and money comes out; it's an investment. But what you're telling me goes contrary to what I know about the housing market: no, actually, houses depreciate in value because they'll have to ask poor people to buy / rent the place at some point. Can I go buy a mansion built in 1930 for a bargain price?
(I do agree about the private equity part, just the first bit doesn't pass a sniff test from me)