Socialist mayor of New York City is not a threat

Republicans are hysterical about Mamdani's victory in New York City's mayoral race and predict a meltdown for the city. But he will be a small threat to the city and none for the nation. Just look at what he has promised:

Affordable Housing: Freezing rent on rent-stabilized apartments and implementing city-wide rent freezes.

Public Transit: Making buses free and faster for all New Yorkers.

Economic Measures: Creating city-owned grocery stores in each borough and increasing the minimum wage to $30 by 2030.

Social Services: Implementing universal child care services.

Public Safety: Establishing a new Department of Community Safety to respond to certain emergencies with mental health care workers instead of police. 

New York City elects socialist mayor

Zohran Mamdani, a self-described democratic socialist, became the mayor of New York yesterday! While Argentina flees from 80 years of destruction by socialism, New Yorkers think they can make it work. 

Why is democratic socialism still popular? It destroyed every economy in South America over the last century and therefore is a major cause of the tsunami of immigrants from the south.  The latest disasters are Venezuela and Bolivia. Chile recovered from its infatuation with democratic socialism in the 1970s and has been the only Latin country with a growing standard of living since. Recently, Argentina grew tired of the destruction caused by democrat socialism and elected a libertarian president to turn the country around. Europe's economy stagnated a generation ago because of democratic socialist policies. So why do people still cling to such nonsense?

What good has President Trump done?

 

I disapprove of President Trump's tariff economics, as I mentioned. But the President is quietly doing more good than harm by reducing regulations. According to the Whitehouse web site, federal agencies are killing ten old regulations for every new one. 

In his first term, Trump ordered agencies to eliminate two regulations for every new one. They achieved ten this year! Why is that important? 

The National Association of Manufacturers estimate that regulations cost U.S. businesses over $3 trillion every year. That's 12% of gross national product, which is the total income of the country! Wise people, those who know economics, understand that the money could be put to better use. In other words, the real cost of such regulations is the things we give up to pay for them. Can you imagine what we could do with $3 trillion dollars?