4 ms·
The oldest "industry" in NYC is to give free handouts to millionaires/billionaires in the form of cheap land and real state subsidies. It is in reality a form o
by coliveira 5y ago
The oldest "industry" in NYC is to give free handouts to millionaires/billionaires in the form of cheap land and real state subsidies. It is in reality a form of corruption that has been tolerated in NYC for as long as it has existed, and it is still practiced through the real estate tax benefits that apply only to high end buildings.
- ryanlol 5y agoCorruption, or reasonable policy?
- kbenson 5y agoThose are orthogonal. Whether a policy is reasonable or not does note necessarily relate to whether it was achieved through corruption. Corruption is about why, not about the outcome. It's possible for a policy to be enacted through corruption that is good, and it's possible for a bad policy to be enacted with no corruption at all. While corruption often leads to bad policies and outcomes, what this actually means is that you can't point to a bad policy and know it was bad because of corruption any more than you can point to a good policy and know it's good because of lack of corruption.