Here’s what I think will happen in NYC under Mahdami.
The free buses and government grocery stores won’t happen, they never do. They sound good during campaigns, but collapse under basic math. You can’t run a city on ideas that cost billions and produce no revenue.
The only way to make housing affordable is to build more housing. The free market lowers prices, not regulation. Every time politicians try to control rent or force affordability by decree, developers stop building and landlords stop maintaining. Supply dries up, the quality collapses, and the few properties that remain skyrocket in price.
Once landlords can’t make a profit, they sell, lose properties, or walk away. Eventually, the government takes over.
Taxes will rise to pay for the promises, and the middle class will be the ones shouldering the burden. The rich will relocate, the poor will depend on subsidies, and the productive class will be squeezed from both sides.
Thriving businesses are the foundation of any thriving city. When they leave, everything else follows, jobs, schools, grocery stores, stability. Chicago already proved this. Boeing, McDonald’s, Caterpillar, Citadel, nearly 70k jobs, all gone. Now they’re facing billion-dollar deficits, half empty schools and neighborhoods without grocery stores.
I saw someone who lived in a rent-controlled apartment in California put it perfectly, he said his landlord could no longer afford maintenance so the pool was filled with dirt, the floors had soft spots, and the foundation ended up cracking. That’s what overregulation does, it destroys quality.
People who voted for this will eventually feel the pain but they won’t blame the policies or the politicians, they’ll blame the rich for leaving.
This conversation is always difficult because most people simply don’t understand market dynamics or incentives. In a free society, people act in their own self-interest. If you remove profit and reward dependency, productivity dies and the city with it.
If you think things are expensive now, just wait until they’re “free.”
https://t.co/83OZS4pYqD
‼️ARTISTS (Applicants must be based in Europe)
•
👾 Pixel Prize 👾
by the Just Open Source Foundation
that partnered with Glitch Residency - organised and curated by @yaoeo - to manage the selection and evaluation of artists who apply.
‼️FOCUS: “Blockchain as an artistic medium" artworks that relate to the topics of freedom of speech, censorship, privacy and data sovereignty. Prizes include 3 micro-grants of $6,000 ���️ and one grand prize of $50,000. 💥
‼️DEADLINE: July 30th
I will be part of the jury together with Primavera De Filippi, Marlene Wenger and Maria Paula Fernandez. @yaoeo @wenger_marlene @MPtherealmvp
Can’t wait!
🚨🇮🇹PRADA BUYS VERSACE IN $1.375B DEAL TO BOLSTER ITALY'S LUXURY POWER
The move strengthens Italy’s position in a global industry long dominated by French giants. Versace, now operating at a loss, will gain Prada’s platform and long-term investment strategy.
It’s a steep discount from the $2.15 billion Capri Holdings paid in 2018, marking a dramatic turn in Versace’s value and leadership.
Source: Reuters
Gm
For two days, I will collect and showcase more than 20 artists on @zero________one .
Really excited to curate my own board for the first time on this innovative platform.
Share your works below and on Zeroone. I'm starting to collect now!
New Sora AI videos are popping up, and people are shocked.
These are the new top 10 examples:
1. Hermit crab using an incandescent lightbulb as its shell
@trevorjonesart I agree with you, that's the direction we are heading on many levels. A few will have it all. However, I have the feeling that scarcity has always been friends with high value. So, in my opinion, "the people" have not yet lost this battle. 😎