Ronald Reagan said, "If fascism ever comes to America, it will come in the name of liberalism."

 Ronald Reagan: 'If Fascism Ever Comes to America, It Will Come in the Name of Liberalism'

The Economics of Zohran Mamdani’s New York: A Radical Turn in America’s Urban Policy     Price freezes will result in shortages; a rule in economics.

What Zohran Mamdani's big win means for Main Street business owners: . . The $30 minimum wage issue

"Bufano says the biggest concern she hears from small business owners is about the proposed $30-per-hour minimum wage by 2030, something she says could cause a real headache for some. Bufano points out that pay structures inside most small businesses are tiered, with more experienced workers receiving higher wages.

“ 'If wages jump to $30 per hour for entry-level workers, small businesses will have to raise pay across the board to keep the tiered structure in place. And that will add up fast for small businesses,” Bufano said, with many small businesses running on thin margins unable to absorb the cost.

"This proposal could create new pressures for small business owners already navigating high overhead and post-pandemic recovery.

“I work directly with small businesses and entrepreneurs across the NYC metro area and nationally, and as a small business owner myself, I see every day how even small policy shifts can have big ripple effects,” Bufano said. “This is especially true for small businesses operating on tighter margins, with limited budgets, and lacking the financial cushion or capital reserves that larger companies can rely on.” . . .More...

The Economics Behind Zohran Mamdani’s Biggest Plans  "Zohran Mamdani's ambitious plans as New York City's mayor aim to reshape the economic landscape by prioritizing social equity through policies like a $30 minimum wage, rent freezes, and increased taxes on the wealthy."

. . . "His plans include:

• Phased $30 Minimum Wage: Mamdani aims to raise the minimum wage to $30 by 2030, which he argues is necessary to keep pace with the cost of living in New York City.
• Rent Freeze: He proposes freezing rents for one million rent-stabilized apartments, which is intended to provide immediate relief to tenants facing rising housing costs.
• Universal Childcare: Expanding access to affordable childcare is a key component of his ageand, aimed at supporting working families and promoting economic participation.
• Free Public Transportation: Making city buses free is another initiative designed to ease the financial burden on residents and encourage public transit use. . . . 

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