Even the Boston Herald seems to think New York City’s opposition to free enterprise is a disaster. New York the example America should not follow
Most of you will remember the fight against Amazon’s east coast HQ locating in Long Island City. That isn’t the only major development project killed in New York.
The article starts out with a litany of New York’s financial woes. Unemployment rate of 16%. Lack of tax revenue.
Yet, even in the midst of a “financial abyss,” the animosity of New York’s liberal elite remains undeterred in its hostility toward free enterprise and entrepreneurship, the pillars of job creation and economic recovery.
In a latest example, commercial development firms have pulled out of a proposed project, Industry City, that was estimated to bring 20,000 jobs and $100 million in tax revenue to New York City. After several years of fighting opposition to get approval for rezoning that would have made the project possible, they threw in the towel.
They don’t want private enterprise to make things better. They want the Green New Deal. And a bailout from Washington.
New York should be a poster child for the nation about what not to do.
Anyone who cares about the poor, who cares about our nation’s recovery and growth, should fight to prevent the stifling of our system of free enterprise by confused, self-important political ideologues of the left.
How far around the bend do you need to be to lose the Boston Herald?