Can Wall Street survive in a city led by a DSA Mayor?

[KeithfrromQueens]

Posted: 7/6/25 at 1:07pm

That's a good question.  Not only Wall Street - What about the theatre industry?  NYC is the capitalist center of the USA.  Can it function under a Democratic Socialist?

I checked out Wikipedia for the platform and goals of the DSA - Democratic Socialists of America.  Here is what I found:     

"DSA's long-term goal is end capitalism and replace it with democratic socialism.

DSA's 2021 platform, its most recent, calls for abolishing the Electoral College, Senate, and filibuster, social ownership of major industry and infrastructure, reparations for slavery; abolishing police and prisons, abolishing ICE, withdrawal from NATO, a second constitutional convention to establish a socialist republic.[27]"

SCARY STUFF!

Updated On: 7/7/25 at 01:07 PM

[TheatreFan4]

Posted: 7/6/25 at 3:04pm

He's not a communist, but it's also really stupid to think a Mayor can completely overhaul the economy of a city. Bffr.

[KeithfrromQueens]

Posted: 7/6/25 at 6:36pm

 

Those who deny or minimize a strong red flag ultimately pay for their ignorance.   Perfect example: Biden.  The signs were all there: dementia, corruption, selling influence for millions, screwing up the border, the economy, inflation, the DOJ/FBI.  A total dud.  And I am not a Republican.

[TheatreFan4]

Posted: 7/6/25 at 8:20pm

I don't care what you identify as, because I identify you as an idiot. 

[ErikJ972]

Posted: 7/8/25 at 7:46pm

Corporate profits and income inequality at record highs. Our fascist, felon President just rammed a bill through Congress that is the biggest transfer of wealth from the poor to the rich in history. And you're worried about Wall Street. Silly.

[kdogg36]

Posted: 7/8/25 at 10:12pm

I believe the OP significantly edited their post in a way that very much speaks to their lack of integrity. I'm a libertarian, not a socialist, but if the OP thinks Mamdani is scarier than Trump, then they need to get their head examined.

[Blow Gabriel]

Posted: 7/18/25 at 10:02pm

I don’t like Mamdani at all.  His brand of politics is a couple decades too late. All the virtue signaling and big proud answers he gives, it makes me cringe. If his policies weren’t enough, his personality should do him in.  The city can hardly run the public schools and trains, and he wants MORE in the city’s control?? He’d be horrible for the economy, horrible for the workers, horrible for business, horrible for Broadway.  He’ll bankrupt the city. This man must be stopped. 

[South Florida]

Posted: 7/19/25 at 8:25pm

That's it for Broadway.

[KeithfrromQueens]

Posted: 10/10/25 at 1:32pm

Check out the opinion of three journalists of the Time Magazine. Scary!

What Will Really Happen if New York City Goes Socialist | TIME

[Matt Rogers]

Posted: 10/10/25 at 7:15pm

KeithfrromQueens said: "

Those who deny or minimize a strong red flag ultimately pay for their ignorance. Perfect example: Biden. The signs were all there:dementia, corruption, selling influence for millions, screwingup the border, the economy, inflation, the DOJ/FBI. A total dud. And I am not a Republican."

LOLOLOL 

[ErikJ972]

Posted: 10/10/25 at 9:23pm

South Florida said: "That's it for Broadway."

Lol

[blug]

Posted: 10/12/25 at 2:13pm

I love how Mamdani makes stupid people crazy.  

[Call_me_jorge]

Posted: 10/13/25 at 8:41am

KeithfrromQueens said: "And I am not a Republican."

This elucidation tends to mean that you are, indeed, a republican.

[Matt Rogers]

Posted: 10/13/25 at 5:25pm

Blow Gabriel said: "I don’t like Mamdani at all. His brand of politics is a couple decades too late. All the virtue signaling and big proud answers he gives, it makes me cringe. If his policies weren’t enough, his personality should do him in. The city can hardlyrun the public schools and trains, and he wants MORE in the city’scontrol?? He’d be horrible for the economy, horrible for the workers, horrible for business, horrible for Broadway. He’ll bankrupt the city. This man must be stopped."

Your crystal ball is broken, but if you feel you need to move to a red state to protect your mental health, I’ll help you pack.

[Sutton Ross]

Posted: 10/13/25 at 5:55pm

Those who deny or minimize a strong red flag ultimately pay for their ignorance. Perfect example: Biden. The signs were all there:dementia, corruption, selling influence for millions, screwingup the border, the economy, inflation, the DOJ/FBI. A total dud. And I am not a Republican."

Any person who has to let us know that is, absolutely, a Republican. Mamdani is not the answer for NYC of course, but people actually believing his ridiculous bullsh*t are the real problem. He has no experience and is promising things he can never deliver on. None of the candidates are great, honestly.

[Jay Lerner-Z]

Posted: 10/13/25 at 6:03pm

Mamdani is a hero.

Updated On: 10/13/25 at 06:03 PM

[Sutton Ross]

Posted: 10/13/25 at 6:10pm

HAHAHAHAHAHAHA. Just like your "I'm leaving now!" bull*hit thread (you didn't even last a week), you are as ridiculous as ever. Only stupid people would ever believe he can deliver any of these promises, which tracks for you. 

[Matt Rogers]

Posted: 10/13/25 at 6:19pm

Sutton Ross said: "HAHAHAHAHAHAHA. Just like your "I'm leaving now!" bull*hit thread (you didn't even last a week), you are as ridiculous as ever. Only stupid people would ever believe he can deliver any of these promises, which tracks for you."

America’s Sweetheart strikes again. By the way, learn how to read, sweetie-poo. He said he was leaving temporarily. 

[Sutton Ross]

Posted: 10/13/25 at 6:40pm

New York City has the economy of a medium-sized nation: in 2024, its GDP of $1.3trn was double Argentina’s and greater than that of all but 16 countries. Yet it is also a municipality beholden to the state’s governor and to state law. The city’s charter, issued by the state, grants “home rule” by a chief-executive mayor and legislative body, but the state retains ultimate authority.

To pay for his plans, Mamdani proposes two tax hikes: an additional tax of 2% on incomes of more than $1m a year, and raising the top state corporate-tax rate to 11.5%, from 7.25%. (This reckoning is misleading: New York companies already pay additional taxes that bring their total rate to 17.5%, according to Ana Champeny, of the Citizens Budget Commission) Mamdani’s campaign says those increases would yield $4bn and $5bn respectively. But in any case, his tax plans are moot. Mayors cannot set income or business taxes. Increasing them would require the state legislature to act, plus the governor’s signature. And Kathy Hochul, New York’s Democratic governor, has already ruled the idea a nonstarter. “I’m not raising taxes at a time where affordability is the big issue,” she has said.

The new mayor will need to propose a budget one month after taking office in January, when he will face an immediate shortfall of $6bn-8bn. The city may also lose out from an expected $3bn cut in federal grants to the state, she says. Without the tax increases he is powerless to effect, Mamdani would face a $15bn-17bn shortfall in his spending plans. The real debate will not be over what to spend, but what to cut.

A quarter of New York City’s budget comes from either the federal government (10%) or the state government (17%) These transfers...have to be spent on what the federal and state government said they have to be spent on. So not a lot of local autonomy.

Over rent, buses and the minimum wage, New York’s mayor also has limited control. He appoints a board that sets the rent for 50% of rented flats, the rent-stabilized ones. But boards don’t necessarily do the mayor’s bidding. The board voted 5-4 in June to raise rents on one-year leases by 3% and on two-year leases by 4.5%, ignoring pleas by Eric Adams, the current mayor, for lower increases. Mamdani also wants to build 200,000 units of affordable housing by borrowing $70bn. That would exceed the debt limit by $30bn—and therefore would require state approval.

As for making buses free, that is a call for the Metropolitan Transportation Authority board, to which the mayor can recommend only four of 23 members. The MTA says that free buses could mean worse service, and that 44% of bus riders already evade paying their fares.

One curious dimension of Mamdani’s campaign is that, even as he promises to accomplish things outside his authority, he is seeking to surrender what other mayors have regarded as an important power: authority over the school system (and with it, perhaps, accountability for the quality of education). Mamdani wants to give that power to a mayor-appointed board. Making such a change would be up to the state legislature, not him.

When it comes to the police, though, the mayoral handcuffs come off. NYC's mayor appoints the commissioner, can expand or cut the force and influences its methods. Conservatives and moderates have drawn attention to Mamdani’s past calls to defund the police and eliminate the prison system. He has dialed that down but still plans to disband a unit that breaks up protests; reduce police involvement in emergencies (giving a bigger role to mental-health workers); and cut overtime. He would have the power to do all of this. “The mayor can also refuse to send the NYPD to Columbia in response to calls to arrest protesters or take down encampments,” notes Mitchell Moss of New York University.

He is bad for NYC and doesn't know what hell he is doing. We need better leaders. Period.

Updated On: 10/13/25 at 06:40 PM

[Matt Rogers]

Posted: 10/13/25 at 6:43pm

Sutton Ross said: "New York City has the economy of a medium-sized nation: in 2024, its GDPof $1.3trn was double Argentina’s and greater than that of all but 16 countries. Yet it is also a municipality beholden to the state’s governor and to state law. The city’s charter, issued by the state, grants “home rule” by a chief-executive mayor and legislative body, but the state retains ultimate authority.

To pay for his plans,Mamdani proposes two tax hikes: an additional tax of 2% on incomes of more than $1m a year, and raising the top state corporate-tax rate to 11.5%, from 7.25%. (This reckoning is misleading: New York companies already pay additional taxes that bring their total rate to 17.5%, according to Ana Champeny, of the Citizens Budget Commission) Mamdani’s campaign says those increases would yield $4bn and $5bn respectively. But in any case, his tax plans are moot. Mayors cannot set income or business taxes. Increasing them would require the state legislature to act, plus the governor’s signature. And Kathy Hochul, New York’s Democratic governor, has already ruled the idea a nonstarter. “I’m not raising taxes at a time where affordability is the big issue,” she has said.

The new mayor will need to propose a budget one month after taking office in January, when he will face an immediate shortfall of $6bn-8bn.The city may also lose out from an expected $3bn cut in federal grants to the state, she says. Without the tax increases he is powerless to effect, Mamdani would face a $15bn-17bn shortfall in his spending plans. The real debate will not be over what to spend, but what to cut.

A quarter of New York City’s budget comes from either the federal government (10%) or the state government (17%)These transfers...have to be spent on what the federal and state government said they have to be spent on. So not a lot of local autonomy.

Over rent, buses and the minimum wage, New York’s mayor also has limited control. He appoints a board that sets the rent for 50% of rented flats, the rent-stabilized ones. But boards don’t necessarily do the mayor’s bidding. The board voted 5-4 in June to raise rents on one-year leases by 3% and on two-year leases by 4.5%, ignoring pleas by Eric Adams, the current mayor, for lower increases. Mamdani also wants to build 200,000 units of affordable housing by borrowing $70bn. That would exceed the debt limit by $30bn—and therefore would require state approval.

As for making buses free, that is a call for the Metropolitan Transportation Authorityboard, to which the mayor can recommend only four of 23 members. The MTA says that free buses could mean worse service, and that 44% of bus riders already evade paying their fares.

One curious dimension of Mamdani’s campaign is that, even as he promises to accomplish things outside his authority, he is seeking to surrender what other mayors have regarded as an important power: authority over the school system (and with it, perhaps, accountability for the quality of education).Mamdani wants to give that power to a mayor-appointed board. Making such a change would be up to the state legislature, not him.

When it comes to the police, though, the mayoral handcuffs come off. NYC'smayor appoints the commissioner, can expand or cut the force and influences its methods. Conservatives and moderates have drawn attention toMamdani’s past calls to defund the police and eliminate the prison system. He has dialed that down but still plans to disband a unit that breaks up protests; reduce police involvement in emergencies (giving a bigger role to mental-health workers); and cut overtime. He would have the power to do all of this. “The mayor can alsorefuse to send the NYPDto Columbia in response to calls to arrest protesters or take down encampments,” notes Mitchell Moss of New York University.

He is bad for NYC and doesn't know what hell he is doing. We need better leaders. Period."

You didn’t write all that in such a short period of time. Pray tell, sweet one, who did you plagiarize?

[Jay Lerner-Z]

Posted: 10/13/25 at 7:47pm

I hope Mamdani deports Sutton back to where she came from - the fiery depths of hell.

[Matt Rogers]

Posted: 10/13/25 at 7:59pm

Jay Lerner-Z said: "I hope Mamdani deports Sutton back to where she came from - the fiery depths of hell."

Send her back to hell, or at least back to this thread, where America’s Sweetheart finally got her comeuppance.

https://forum.broadwayworld.com/thread/Yet-Another-Scary-Case-of-Fan-Foolery#5526518

[Jay Lerner-Z]

Posted: 10/13/25 at 8:04pm

Almost enough to restore my faith in justice.

[Zeppie2022]

Posted: 10/14/25 at 10:35am

"I hope Mamdani deports Sutton back to where she came from - the fiery depths of hell."

Every time she posts I think of the evil Disney character "Cruella de Vil" - lol. Sadly, she is real and the other is a fictional character.

 

[Zeppie2022]

Posted: 10/14/25 at 10:38am

"You didn’t write all that in such a short period of time. Pray tell, sweet one, who did you plagiarize?"

You notice the moment you call her out; she never responds back to you. Keep up the good work -lol.