Via Economic Policy Journal

Scott Stringer

Oh yeah, this is really going to keep the tax base from fleeing New York City. The Big Apple may end up with another wacky lefty who hates the rich as its next mayor.

New York City Comptroller Scott Stringer announced his candidacy for mayor Tuesday and vowed to reduce a projected $4.2 billion budget deficit next year by pushing the state to tax the “rich.”

“We will ask the most fortunate to pay a bit more in taxes,” Stringer said during a campaign announcement in northern Manhattan. “We asked our frontline workers to be heroes, and we are going to ask the wealthiest among us to do their part, as well.”

He will compete in a June 2021 primary against a large and growing field of announced and potential Democratic candidates. It includes City Council Speaker Corey Johnson, Brooklyn Borough President Eric Adams, former commissioner of Veteran Services Loree Sutton, former Housing and Urban Development Secretary Shaun Donovan, former city Sanitation Commissioner Kathryn Garcia and former counsel to the mayor, Maya Wiley.

Stringer has $2.3 million in his campaign treasury. That’s more than any other announced or potential candidate.

He is a total lefty nutjob. He supports a $15 minimum wage and has advocated for affordable housing. Meaning he wants to make things as difficult as possible for those who operate in the private sector.

It doesn’t stop there. In 2014, Stringer appointed the City’s first-ever Chief Diversity Officer. He is an outspoken supporter of the Gender Expression Non-Discrimination Act (GENDA).

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To expand the supply of affordable housing, the Stringer has proposed creating a New York City Land Bank that would build an estimated 57,000 units of permanent affordable housing on City-owned and tax-delinquent properties. Just call it crony city.

RW