Socialist New York City bites the hand that feeds it

Published May 22, 2026 10:00am ET



These must be utterly baffling times for the successful, public-spirited financier in New York City.

You’ve made your living not by snatching bread from the mouths of widows and orphans or otherwise exploiting the masses, but by producing consistent returns and financial security for your many grateful clients. Your company has generated billions in economic prosperity for the city, with all the concomitant property and income tax revenue. And you’ve dedicated your life not just to doing well but to doing good. You lavishly fund all sorts of local and national worthy causes (medicine, education, the arts) with donations totaling hundreds of millions of dollars.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.