Mayor Bloomberg: Stark differences between the city’s rich and poor are largely because so many billionaires want to live in New York

If only there were more billionaires.

“They are the ones that pay a lot of the taxes, and we take the tax revenues from those people to help people throughout the entire rest of the spectrum.”

Bloomberg, whose $32 billion net worth puts him 10th on the Forbes list of the world’s wealthiest people, has talked up the value of billionaires before.  

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His comments Friday came a day after a Census Bureau report showed the income gap is larger in New York than in any of the nation’s 30 biggest cities.

Bloomberg said the mammoth wealth gap is largely the result of so many wealthy people wanting to call New York home.

PETER FOLEY/EPA

Bloomberg said the mammoth wealth gap is largely the result of so many wealthy people wanting to call New York home.

The report also showed that the poverty rate inched up in 2012, to 21.2% of New Yorkers.

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Bloomberg acknowledged, “There are still people at the bottom struggling,” but added, “we’ve made a lot of progress (and) the problem in the income gap is not at that end.”

“The reason it’s so big is at that higher end we’ve been able to do something that none of these other cities can do. And that is attract a lot of the very wealthy.”

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Bloomberg acknowledged that people at the bottom are still 'struggling,' but added, 'we’ve made a lot of progress.'

Aaron Showalter/New York Daily News

Bloomberg acknowledged that people at the bottom are still ‘struggling,’ but added, ‘we’ve made a lot of progress.’

Democrats who have been running for mayor as the anti-Bloomberg took issue with his comments.

The Democratic nominee, Bill de Blasio, who has decried New York as a “tale of two cities,” said, “The mayor needs to understand, beyond his social circle, are millions of New Yorkers struggling.”

And Controller John Liu said, “It would only be a godsend if the city’s wealthiest residents paid an equitable tax rate.”

The mayor’s spokesman, Marc LaVorgna, later issued a statement to point out that Bloomberg’s comments showed the mayor supports redistributing wealth, a position long held by liberals.

“The wealthy exist in America. Are we better off if they live here, or elsewhere? It’s better to have them here to help make this city a better place for those less fortunate by taking their money and spending it on improving public schools, keep communities safe and on our vast social-services network,” LaVorgna said.

http://www.nydailynews.com/news/politics/bloomberg-billionaires-godsend-article-1.1462346

6 thoughts on “Mayor Bloomberg: Stark differences between the city’s rich and poor are largely because so many billionaires want to live in New York

  1. Keep ’em there. It’ll be real convenient to have ’em all in one spot when it’s time to enact some real justice.

  2. Well if I was A billionairess I certainly wouldn’t live in NYC. Way to many planes flying into buildings all willy nilly…somehow bypassing the greatest defense grid ever created by a country on this planet. No thanks…I’ll take my chances scraping by living in the country.

  3. I would love it if every one was a damned billion air, just think, if every one was a billionair then there would have to be a billionair doing the dishes, the laundry, and yes even wiping a a dirty baby`s butt and changing diapers, and taking out the garbage. Just a thought – I wonder what Pee Wee Bloomberg and others like him would do if his fingers broke through the toilet paper when he is wiping.

  4. They all have million dollar bunkers somewhere with private jets waiting for the green light. Problem is it takes a whole lot more than money to guarantee security. When TSHTF nobody will be safe, especially the billionaires. They are all being watched by their so called friends and when this thing breaks loose its going to be a billionaires nightmare.

  5. “Bloomberg, whose $32 billion net worth puts him 10th on the Forbes list of the world’s wealthiest people, has talked up the value of billionaires before.”

    THAT’S a freakin’ laugh.

    The world’s wealthiest Zionist scum make clowns like Bloominidiot look like paupers by comparison.

    They count their riches in trillions.

    But then again, they don’t like being in the spotlight either, do they?

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