Democratic candidate Bill de Blasio has emerged victorious in New York City’s mayoral election, and the Michael Bloomberg era will come to an end. In Bloomberg’s 12 years in office, his personal fortune increased sevenfold, from $4.5 to $32 billion, while 46 percent of the city’s residents now live in or near poverty. If Manhattan were an independent nation, its income inequality would rank with South Africa’s and Namibia’s.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=206309