Inequality in NYC
Bill De Blasio is running on a "tale of two cities" platform. Mayor Bloomberg says his goal has been to "get every billionare from around the world" to move to New York City in order to pay for services across the economic spectrum. Greg David, director of the Business and Economic Reporting Program at CUNY Journalism School and contributor to Crain's New York Business, looks at the state of inequality in New York City. And Bloomberg Deputy Mayor Howard Wolfson discusses the Mayor's approach to inequality and economic legacy.
Greg David says one big problem with attracting billionaires to NYC is many only live here part-time and fewer taxes collected as result.
— Brian Lehrer Show (@BrianLehrer) September 20, 2013
"Why is all this job creation not lifting all of NYC in the ways it has before?" Greg David says concentrated wealth not trickling down.
— Brian Lehrer Show (@BrianLehrer) September 20, 2013
Citing how richest pay bulk of taxes, Howard Wolfson asks: "Do you want more people paying taxes at that level, or fewer?"
— Brian Lehrer Show (@BrianLehrer) September 20, 2013
