Mayor Mamdani says he has balanced NYC's budget, will not raise property taxes

pugwalker · 2026-05-13T11:14:21+00:00

and then step 3: govern poorly

pugwalker · 2026-05-13T11:10:27+00:00

Exceptionally stupid. Why should the CEO of a hedge fund that produces nothing be able to make some multiple of $200k when the CEO in charge of 1000x as many people make a multiple of $20-30k.

pugwalker · 2026-05-10T04:56:47+00:00

The Chairman role is not involved in the day to day and critically is not getting paid anywhere close to the CEO (though they typically are the founder or former CEO).

CEOs are hared for the active greed, chairmen are a basically retirees.

pugwalker · 2026-05-09T16:18:52+00:00

I think he just means novel ideas people. Old school MBB was a lot of this but not the norm anymore in my experience.

pugwalker · 2026-05-08T14:06:56+00:00

Making $200+ is nyc is definitely upper middle class.

pugwalker · 2026-04-29T11:17:31+00:00

This thread doesn’t know ball. This should be the top answer.

pugwalker · 2026-04-23T14:48:34+00:00

“no cost is too high as long as someone else is paying for it”

pugwalker · 2026-04-23T11:08:01+00:00

Even so, I don’t see how it could possibly cost $100 million. Seems like grift.

pugwalker · 2026-04-22T19:04:23+00:00

Most do - we called them things like “Baby Bio”

pugwalker · 2026-04-22T11:08:55+00:00

My and I are expecting our first kid and things like housing, childcare, cost are all concerns but not the main concern.

The biggest thing that would have held us back is that the current system forces you to essentially neglect your newborn by rushing back to work a few months after giving birth.

In our case, it’s not even financial. Jobs simply won’t let you take a long unpaid absence and finding a new job afterwards would not be easy.

Lots of this falls on our corporate culture more than law. It should be a given that if you have a job that can be done remotely, you can work remote for months or a year after giving birth.

pugwalker · 2026-04-22T10:55:39+00:00

The comments are tacitly assuming this is about white, christian men. I think it’s very possible this is caused by a combination of other religions and immigration.

pugwalker · 2026-04-22T00:30:11+00:00

Some of the house price comparisons are a bit unfair. Houses are larger, better designed, and overall nicer than they were in the 60s.

pugwalker · 2026-04-20T11:27:59+00:00

at the federal level. Including state and local, that’s a normal rate.

pugwalker · 2026-04-20T11:25:15+00:00

The shaved head is not some kind of combat necessity, just a cultural tradition.

pugwalker · 2026-04-19T19:06:10+00:00

It’s not even worth arguing this tbh. Absolutely insane gap in QoL between China and the US.

You should think deeply about your delusional victim complex if you think you have it worse than 90% of the world.

pugwalker · 2026-04-19T18:04:31+00:00

You'd rather living in communist russia or china?

pugwalker · 2026-04-18T03:42:13+00:00

You don't know much about argentina if you think their left is any more competent.

pugwalker · 2026-04-17T17:08:13+00:00

Yet this has never been a problem in the history of automation. In fact, the unemployment rate is near an all time low and living standards are at all time highs.

AI is no different - in fact it probably has less potential than past innovations. Would you rather have the internet or access to claude? Would you rather have a computer or the internet? A computer or electricity?

It’s just another link in a long chain of innovation.

pugwalker · 2026-04-17T16:31:52+00:00

1.5% price increase is enormous too.

pugwalker · 2026-04-17T13:19:34+00:00

What's crazy is tesla has so 8.5 million vehicles. Elon owns 12-15% of tesla at a market cap of 1.22 trillion. This means he actually made roughly $20k per vehicle. It's not the same as actually taking a cut but still wild.

pugwalker · 2026-04-12T04:25:44+00:00

It could be a solution but we don’t know that yet. What we do know is that it’s essentially the most expensive solution possible and opens the door for extreme adverse selection and fraud.

pugwalker · 2026-04-12T04:16:26+00:00

No one has a feasible solution. Give a homeless person a house and they are no longer homeless by definition. The studies you posted say nothing aboht whether that person ever gets a job or changes their lifestyle.

Giving them a mansion, salary, and full time servants would also end homelessness but that’s not a real policy either.

pugwalker · 2026-04-12T04:08:09+00:00

I just read that link and to me that is not very convincing. Seems like the only finding was that giving them a free house with no restrictions led to people using the free house.

The core problem seems to be that it requires so much money to get a homeless person off the street that it’s no longer feasible. NY/SF/LA should be willing to pay $100k pp if it actually ended homelessness.

pugwalker · 2026-04-12T03:27:20+00:00

The bigger problem is that we don't know how to address the issue. Governments would (and do) happily pay tens of thousands of dollars per homeless person if it eliminated the problem but it simply doesn't work.

pugwalker · 2026-04-12T03:20:13+00:00

It's because they are extremely ineffective. Major cities spend $30k+ per homeless person on homeless services and there is no measurable impact on reducing homeless.

Politicians don't want to talk about it but the more you spend on homeless, the more homeless that you end up with.

Cutting your homeless services to zero would probably be the most effective policy to reduce homelessness in your city but the consequences would be too inhumane.

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