Live data from Hacker News

New York's small business owners rejoice as Mamdani cuts red tape

theguardian.com

11–20 of 31 posts

Re: New York's small business owners rejoice as Mamdani cuts red tape

#11
post #9

Removing tiny pieces of red tape (a permit to sell ice cream) is a token gesture when he decided to install Lina Khan as Chair Of New York City Economic Development. Her entire reputation is built on being incredibly hostile to business. General NIMBY-ism within the city combined with a ED chair who hates big business does not seem to bode well for the success of large projects.

> General NIMBY-ism Mamdani explicitly campaigned on building more, especially housing, so not sure where you got that idea. NIMBYs show up at community board meetings, sure, but your post makes it sound like that's somehow the mayor's fault? I'm also not sure if you're a New Yorker or not but the NYC EDC remit is a hell of a lot more than just "encourage big business". They run the ferry, for example, and other infr…

> Mamdani explicitly campaigned on building more, especially housing

You can't claim to support building or improving housing while implementing rent freezes on 40ish% of all units in the city.

Re: New York's small business owners rejoice as Mamdani cuts red tape

#12
post #5

Earlier quoted context omitted.

> Her entire reputation is built on being incredibly hostile to business. Her reputation is built on being incredibly hostile to malicious big business techniques that screw consumers and employees . Banning non-competes, promoting right-to-repair, and requiring click-to-cancel were absolutely correct decisions that I laud her for.

She also failed to secure wins when suing most big businesses because their strategy and evidentiary standards were subpar. Her ideological positions haven't really held up to court scrutiny.

> She also failed to secure wins…

You ought to make up your mind a little. Is she bad because of the policies she espouses, or the failure to implement them?

Re: New York's small business owners rejoice as Mamdani cuts red tape

#13
post #9

Earlier quoted context omitted.

> General NIMBY-ism Mamdani explicitly campaigned on building more, especially housing, so not sure where you got that idea. NIMBYs show up at community board meetings, sure, but your post makes it sound like that's somehow the mayor's fault? I'm also not sure if you're a New Yorker or not but the NYC EDC remit is a hell of a lot more than just "encourage big business". They run the ferry, for example, and other infr…

> Mamdani explicitly campaigned on building more, especially housing You can't claim to support building or improving housing while implementing rent freezes on 40ish% of all units in the city.

Why not?

Wanna set your own rents? Build new housing!

Re: New York's small business owners rejoice as Mamdani cuts red tape

#14

Earlier quoted context omitted.

She also failed to secure wins when suing most big businesses because their strategy and evidentiary standards were subpar. Her ideological positions haven't really held up to court scrutiny.

> She also failed to secure wins… You ought to make up your mind a little. Is she bad because of the policies she espouses, or the failure to implement them?

The policies she chooses _results_ in the failure to implement them because the ideological obsession clouds rational judgement and it loses in court

Re: New York's small business owners rejoice as Mamdani cuts red tape

#15

Earlier quoted context omitted.

> She also failed to secure wins… You ought to make up your mind a little. Is she bad because of the policies she espouses, or the failure to implement them?

The policies she chooses _results_ in the failure to implement them because the ideological obsession clouds rational judgement and it loses in court

And it couldn't possibly be that courts also have ideological bents, right?

Like the SCOTUS that decided Biden couldn't forgive student loans because it exceeded his authority, but that Trump could try to dissolve the entire department that manages them?

Do you really consider "noncompetes bad" to be an ideological obsession?

Re: New York's small business owners rejoice as Mamdani cuts red tape

#16
post #9

Earlier quoted context omitted.

> General NIMBY-ism Mamdani explicitly campaigned on building more, especially housing, so not sure where you got that idea. NIMBYs show up at community board meetings, sure, but your post makes it sound like that's somehow the mayor's fault? I'm also not sure if you're a New Yorker or not but the NYC EDC remit is a hell of a lot more than just "encourage big business". They run the ferry, for example, and other infr…

> Mamdani explicitly campaigned on building more, especially housing You can't claim to support building or improving housing while implementing rent freezes on 40ish% of all units in the city.

Genuine question: why not?

There's pretty consistent reporting that rental building owners are earning considerable returns from rent. Rent freezes are one (of several) ways to encourage building owners to reinvest those returns to build/improve properties.

Whether it'll work at large scale is an unproven experiment (Detroit, Paris, Estonia, and many others all show competing possible futures here), but it doesn't seem hypocritical--not any more than, say, the idea of using high tax rates on businesses to encourage reinvestment of profits to drive growth/hiring/expansion.

Re: New York's small business owners rejoice as Mamdani cuts red tape

#17

Earlier quoted context omitted.

> Mamdani explicitly campaigned on building more, especially housing You can't claim to support building or improving housing while implementing rent freezes on 40ish% of all units in the city.

Why not? Wanna set your own rents? Build new housing!

Rent Control is a settled topic in economics, bar some fringe theorists. It would be impossible for me to explain all the negative externalities that rent control has on both existing and new housing stock in a single comment. I implore you to do some academic reading.

Re: New York's small business owners rejoice as Mamdani cuts red tape

#18

Earlier quoted context omitted.

Why not? Wanna set your own rents? Build new housing!

Rent Control is a settled topic in economics, bar some fringe theorists. It would be impossible for me to explain all the negative externalities that rent control has on both existing and new housing stock in a single comment. I implore you to do some academic reading.

> It would be impossible for me to explain all the negative externalities that rent control has on both existing and new housing stock in a single comment.

The same is true for pricing out 40% of the population.

Re: New York's small business owners rejoice as Mamdani cuts red tape

#19

Earlier quoted context omitted.

Why not? Wanna set your own rents? Build new housing!

Rent Control is a settled topic in economics, bar some fringe theorists. It would be impossible for me to explain all the negative externalities that rent control has on both existing and new housing stock in a single comment. I implore you to do some academic reading.

[deleted]

Re: New York's small business owners rejoice as Mamdani cuts red tape

#20
post #9

Earlier quoted context omitted.

> General NIMBY-ism Mamdani explicitly campaigned on building more, especially housing, so not sure where you got that idea. NIMBYs show up at community board meetings, sure, but your post makes it sound like that's somehow the mayor's fault? I'm also not sure if you're a New Yorker or not but the NYC EDC remit is a hell of a lot more than just "encourage big business". They run the ferry, for example, and other infr…

> Mamdani explicitly campaigned on building more, especially housing You can't claim to support building or improving housing while implementing rent freezes on 40ish% of all units in the city.

Rent control is just one of many factors that affect an incentive to build. For example (and these are hypothetical numbers just to show the point), if rent control made developers 10 percent less likely to build but easing building restrictions made them 50 percent more likely, it would result in a net gain for building overall.
Post reply on HN